Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 36.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 101,374 shares of the company’s stock after selling 57,881 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Donnelley Financial Solutions were worth $6,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in Donnelley Financial Solutions during the 2nd quarter worth approximately $28,000. Quantbot Technologies LP acquired a new position in Donnelley Financial Solutions during the 3rd quarter worth approximately $40,000. Tower Research Capital LLC TRC lifted its position in Donnelley Financial Solutions by 65.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company’s stock worth $62,000 after acquiring an additional 660 shares in the last quarter. State of Wyoming lifted its position in Donnelley Financial Solutions by 24.3% during the 2nd quarter. State of Wyoming now owns 2,580 shares of the company’s stock worth $117,000 after acquiring an additional 505 shares in the last quarter. Finally, Nkcfo LLC acquired a new position in Donnelley Financial Solutions during the 3rd quarter worth approximately $141,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Daniel Leib sold 33,122 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares in the company, valued at approximately $33,752,538.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Daniel Leib sold 33,122 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares in the company, valued at approximately $33,752,538.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Luis A. Aguilar sold 3,047 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the sale, the director now owns 58,594 shares of the company’s stock, valued at $3,740,640.96. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

Donnelley Financial Solutions Price Performance

DFIN stock opened at $61.71 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31. Donnelley Financial Solutions, Inc. has a 52-week low of $40.73 and a 52-week high of $66.00. The stock’s 50 day moving average is $62.46 and its two-hundred day moving average is $59.91. The company has a market capitalization of $1.82 billion, a PE ratio of 22.77 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The business had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $169.35 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Donnelley Financial Solutions’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts predict that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

DFIN has been the topic of several recent research reports. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $72.00 in a research report on Friday, April 12th. Needham & Company LLC boosted their price target on Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st.

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).