Illinois Municipal Retirement Fund Cuts Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Illinois Municipal Retirement Fund reduced its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,496 shares of the company’s stock after selling 281 shares during the period. Illinois Municipal Retirement Fund’s holdings in Donnelley Financial Solutions were worth $904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Donnelley Financial Solutions during the third quarter valued at $310,000. Exchange Traded Concepts LLC purchased a new stake in Donnelley Financial Solutions during the 3rd quarter valued at about $429,000. Assetmark Inc. grew its stake in Donnelley Financial Solutions by 1.2% during the 3rd quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock valued at $1,907,000 after acquiring an additional 398 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Donnelley Financial Solutions by 19.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 159,255 shares of the company’s stock valued at $8,963,000 after acquiring an additional 25,831 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Donnelley Financial Solutions in the 3rd quarter valued at about $913,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $63.02 on Monday. The firm has a market cap of $1.86 billion, a PE ratio of 23.25 and a beta of 1.50. Donnelley Financial Solutions, Inc. has a 52-week low of $40.73 and a 52-week high of $66.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $62.49 and its two-hundred day moving average is $60.32.

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

Analysts Set New Price Targets

Several research firms have weighed in on DFIN. Needham & Company LLC boosted their target price on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. B. Riley upped their price objective on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday. Finally, DA Davidson upgraded shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $72.00 in a report on Friday, April 12th.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the 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 sale, the director now directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Craig Clay sold 5,698 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $66.02, for a total value of $376,181.96. Following the transaction, the insider now directly owns 148,748 shares of the company’s stock, valued at approximately $9,820,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 58,594 shares in the company, valued at $3,740,640.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,867 shares of company stock valued at $2,702,766. Insiders own 11.90% of the company’s stock.

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).