Allspring Global Investments Holdings LLC Cuts Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Allspring Global Investments Holdings LLC lessened its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 149,337 shares of the company’s stock after selling 10,253 shares during the period. Allspring Global Investments Holdings LLC owned 0.52% of Donnelley Financial Solutions worth $9,068,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Choreo LLC purchased a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at about $265,000. KBC Group NV lifted its holdings in shares of Donnelley Financial Solutions by 52.7% in the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock valued at $97,000 after acquiring an additional 535 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Donnelley Financial Solutions by 3.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 16,287 shares of the company’s stock worth $1,022,000 after purchasing an additional 554 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock valued at $402,000 after purchasing an additional 177 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its position in shares of Donnelley Financial Solutions by 1.4% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 223,296 shares of the company’s stock worth $14,007,000 after purchasing an additional 2,978 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 22.5 %

Shares of DFIN stock opened at $51.02 on Wednesday. The company has a 50-day moving average of $63.40 and a two-hundred day moving average of $63.73. The firm has a market cap of $1.47 billion, a PE ratio of 15.95 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 1-year low of $48.38 and a 1-year high of $71.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares in the company, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on DFIN shares. Needham & Company LLC reissued a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday, January 15th. B. Riley reduced their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Donnelley Financial Solutions 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).