Donnelley Financial Solutions (NYSE:DFIN) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Donnelley Financial Solutions (NYSE:DFIN) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,544 shares of the company’s stock after buying an additional 3,357 shares during the quarter. Principal Financial Group Inc. owned 0.46% of Donnelley Financial Solutions worth $5,793,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc grew its stake in Donnelley Financial Solutions by 197.2% during 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. Quarry LP purchased a new position in shares of Donnelley Financial Solutions in the 4th quarter valued at about $42,000. Aquatic Capital Management LLC acquired a new position in shares of Donnelley Financial Solutions during the fourth quarter worth about $49,000. Huntington National Bank increased its stake in shares of Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company’s stock worth $57,000 after buying an additional 156 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Donnelley Financial Solutions in the fourth quarter valued at approximately $78,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DFIN has been the topic of a number of recent analyst reports. 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. DA Davidson restated a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, insider Craig Clay sold 11,022 shares of the business’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the transaction, the insider owned 143,448 shares in the company, valued at $7,750,495.44. The trade was a 7.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.4%

DFIN opened at $61.51 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a 52 week low of $37.80 and a 52 week high of $71.01. The business’s 50 day moving average is $58.40 and its two-hundred day moving average is $54.45. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 20.37 and a beta of 1.06.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, beating 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 firm had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.47 million. During the same quarter in the prior year, the firm earned $0.91 EPS. Donnelley Financial Solutions’s revenue for the quarter was down 1.1% on a year-over-year basis.

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).