Teacher Retirement System of Texas Sells 1,910 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Teacher Retirement System of Texas lowered its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,733 shares of the company’s stock after selling 1,910 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Donnelley Financial Solutions worth $924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. raised its holdings in Donnelley Financial Solutions by 1,537.1% during the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after purchasing an additional 953 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock worth $73,000 after buying an additional 987 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Donnelley Financial Solutions during the third quarter worth approximately $74,000. KBC Group NV lifted its holdings in Donnelley Financial Solutions by 52.7% in the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock valued at $97,000 after buying an additional 535 shares during the period. Finally, Vestcor Inc bought a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $121,000. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Down 2.8 %

Shares of NYSE DFIN opened at $43.83 on Friday. Donnelley Financial Solutions, Inc. has a 52-week low of $41.76 and a 52-week high of $71.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The stock has a market cap of $1.25 billion, a P/E ratio of 14.32 and a beta of 1.44. The firm has a 50 day moving average price of $54.95 and a 200 day moving average price of $60.05.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). The firm had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson dropped their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Friday.

Insiders Place Their Bets

In related news, Director Gary G. Greenfield acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now owns 43,128 shares of the company’s stock, valued at $2,108,527.92. The trade was a 2.37 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).