State of Alaska Department of Revenue Sells 441 Shares of Donnelley Financial Solutions (NYSE:DFIN)

State of Alaska Department of Revenue lessened its stake in shares of Donnelley Financial Solutions (NYSE:DFIN) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,711 shares of the company’s stock after selling 441 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.05% of Donnelley Financial Solutions worth $643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Huntington National Bank boosted its position in Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company’s stock valued at $57,000 after acquiring an additional 156 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Donnelley Financial Solutions by 3.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company’s stock worth $752,000 after purchasing an additional 387 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Donnelley Financial Solutions by 197.2% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company’s stock worth $32,000 after purchasing an additional 493 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Donnelley Financial Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,678 shares of the company’s stock worth $921,000 after purchasing an additional 540 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Donnelley Financial Solutions by 0.4% in the 4th quarter. Nuveen Asset Management LLC now owns 150,204 shares of the company’s stock worth $9,422,000 after purchasing an additional 616 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DFIN shares. DA Davidson reissued a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st.

Insider Buying and Selling

In related news, insider Craig Clay sold 11,022 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the completion of the transaction, the insider now owns 143,448 shares in the company, valued at $7,750,495.44. This trade represents a 7.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.30% of the stock is currently owned by company insiders.

Donnelley Financial Solutions Stock Up 1.0%

Donnelley Financial Solutions stock opened at $61.62 on Friday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 20.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $54.30 and a 200-day moving average price of $54.26. Donnelley Financial Solutions has a 1-year low of $37.80 and a 1-year high of $71.01.

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

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).