Strs Ohio Decreases Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Strs Ohio lessened its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 9.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,000 shares of the company’s stock after selling 1,300 shares during the quarter. Strs Ohio’s holdings in Donnelley Financial Solutions were worth $810,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DFIN. American Century Companies Inc. increased its position in shares of Donnelley Financial Solutions by 1.5% in the third quarter. American Century Companies Inc. now owns 982,113 shares of the company’s stock valued at $55,273,000 after acquiring an additional 14,621 shares during the period. Invesco Ltd. increased its position in shares of Donnelley Financial Solutions by 207.4% during the third quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock valued at $42,429,000 after buying an additional 508,638 shares during the period. Boston Trust Walden Corp increased its position in shares of Donnelley Financial Solutions by 52.0% during the fourth quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock valued at $43,471,000 after buying an additional 238,489 shares during the period. William Blair Investment Management LLC increased its position in shares of Donnelley Financial Solutions by 2.8% during the third quarter. William Blair Investment Management LLC now owns 522,002 shares of the company’s stock valued at $29,378,000 after buying an additional 14,296 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Donnelley Financial Solutions by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 326,729 shares of the company’s stock valued at $18,388,000 after buying an additional 12,831 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $65.06 on Thursday. The firm has a fifty day moving average price of $62.46 and a 200-day moving average price of $60.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $1.92 billion, a PE ratio of 24.02 and a beta of 1.50. Donnelley Financial Solutions, Inc. has a 1 year low of $40.73 and a 1 year high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $169.35 million. During the same quarter in the prior year, the company posted $0.36 EPS. Donnelley Financial Solutions’s revenue was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction that occurred on Thursday, February 29th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction that occurred on Thursday, February 29th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total transaction of $194,520.48. Following 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. Insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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).