Vanguard Group Inc. Sells 20,927 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Vanguard Group Inc. reduced its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,849,957 shares of the company’s stock after selling 20,927 shares during the period. Vanguard Group Inc. owned 6.41% of Donnelley Financial Solutions worth $116,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DFIN. Raymond James Financial Inc. acquired a new position in Donnelley Financial Solutions during the 4th quarter worth $10,373,000. Jane Street Group LLC lifted its position in shares of Donnelley Financial Solutions by 608.0% during the 3rd quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after purchasing an additional 57,477 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Donnelley Financial Solutions by 16.7% during the 4th quarter. William Blair Investment Management LLC now owns 375,729 shares of the company’s stock valued at $23,569,000 after purchasing an additional 53,665 shares during the period. JPMorgan Chase & Co. boosted its stake in Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after purchasing an additional 46,273 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new stake in Donnelley Financial Solutions in the 4th quarter valued at approximately $2,264,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now directly owns 43,128 shares in the company, valued at $2,108,527.92. This 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 through the SEC website. Also, CEO Daniel Leib sold 25,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Down 2.4 %

Shares of DFIN opened at $38.27 on Wednesday. The stock’s 50-day moving average price is $51.02 and its 200 day moving average price is $58.54. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.51 and a beta of 1.23. Donnelley Financial Solutions, Inc. has a 12-month low of $37.82 and a 12-month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data 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). The firm had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Analysts Set New Price Targets

DFIN has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a report on Friday, March 28th. DA Davidson cut their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research note 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).