HighTower Advisors LLC Sells 6,398 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

HighTower Advisors LLC decreased its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 45.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,728 shares of the company’s stock after selling 6,398 shares during the quarter. HighTower Advisors LLC’s holdings in Donnelley Financial Solutions were worth $485,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its position in Donnelley Financial Solutions by 2.8% in the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock worth $402,000 after purchasing an additional 177 shares during the period. New York State Teachers Retirement System boosted its position in shares of Donnelley Financial Solutions by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company’s stock valued at $3,264,000 after acquiring an additional 182 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Donnelley Financial Solutions by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after acquiring an additional 289 shares during the period. Sanctuary Advisors LLC raised its position in Donnelley Financial Solutions by 3.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company’s stock worth $752,000 after purchasing an additional 387 shares in the last quarter. Finally, KBC Group NV lifted its stake in Donnelley Financial Solutions by 52.7% during the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after purchasing an additional 535 shares during the period. Institutional investors own 93.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gary G. Greenfield bought 1,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now directly owns 43,128 shares in the company, valued at $2,108,527.92. The trade was a 2.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Down 2.8 %

DFIN stock opened at $43.83 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.32 and a beta of 1.44. The business has a fifty day moving average price of $54.95 and a 200 day moving average price of $60.05. Donnelley Financial Solutions, Inc. has a fifty-two week low of $41.76 and a fifty-two week high of $71.01.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DFIN. DA Davidson dropped their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a report on Friday.

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).