Assenagon Asset Management S.A. Cuts Holdings in Donnelley Financial Solutions (NYSE:DFIN)

Assenagon Asset Management S.A. trimmed its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN) by 23.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,511 shares of the company’s stock after selling 6,930 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of Donnelley Financial Solutions worth $984,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DFIN. Versant Capital Management Inc increased its holdings in Donnelley Financial Solutions by 197.2% during the first quarter. Versant Capital Management Inc now owns 743 shares of the company’s stock valued at $32,000 after buying an additional 493 shares during the period. Quarry LP purchased a new position in Donnelley Financial Solutions in the fourth quarter worth $42,000. Aquatic Capital Management LLC purchased a new position in Donnelley Financial Solutions in the fourth quarter worth $49,000. Huntington National Bank grew its holdings in Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company’s stock worth $57,000 after purchasing an additional 156 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after purchasing an additional 953 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DFIN has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a report on Thursday, May 1st. DA Davidson reaffirmed a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a report on Monday, April 14th.

Insider Transactions at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of Donnelley Financial Solutions stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $54.03, for a total transaction of $595,518.66. Following the completion of the sale, the insider now directly owns 143,448 shares in the company, valued at approximately $7,750,495.44. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company’s stock.

Donnelley Financial Solutions Trading Up 1.7%

NYSE:DFIN opened at $60.32 on Thursday. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $71.01. The firm has a fifty day simple moving average of $51.51 and a 200-day simple moving average of $54.29. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $1.67 billion, a P/E ratio of 19.97 and a beta of 1.04.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.70 by $0.54. Donnelley Financial Solutions had a net margin of 11.56% and a return on equity of 21.80%. The business had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.47 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year.

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).