KLP Kapitalforvaltning AS Makes New Investment in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

KLP Kapitalforvaltning AS acquired a new stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,400 shares of the company’s stock, valued at approximately $339,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake in Donnelley Financial Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock valued at $69,826,000 after purchasing an additional 4,279 shares during the period. Geode Capital Management LLC grew its stake in shares of Donnelley Financial Solutions by 3.6% in the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock valued at $39,061,000 after acquiring an additional 20,652 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Donnelley Financial Solutions by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after acquiring an additional 46,273 shares in the last quarter. William Blair Investment Management LLC increased its position in Donnelley Financial Solutions by 16.7% during the fourth quarter. William Blair Investment Management LLC now owns 375,729 shares of the company’s stock worth $23,569,000 after acquiring an additional 53,665 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Donnelley Financial Solutions by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company’s stock worth $23,436,000 after purchasing an additional 22,195 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 3.6 %

Shares of DFIN opened at $40.38 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. Donnelley Financial Solutions, Inc. has a 52-week low of $39.30 and a 52-week high of $71.01. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 13.20 and a beta of 1.23. The business’s fifty day moving average is $52.71 and its 200-day moving average is $59.24.

Donnelley Financial Solutions (NYSE:DFIN) last released its 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). The business had revenue of $156.30 million during the quarter, compared to the consensus estimate of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Insider Activity at Donnelley Financial Solutions

In other news, Director Gary G. Greenfield bought 1,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now owns 43,128 shares of the company’s stock, valued at $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DFIN. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, March 28th. DA Davidson dropped their price objective 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.

Donnelley Financial Solutions Company Profile

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).