Envestnet Asset Management Inc. Boosts Position in Donnelley Financial Solutions (NYSE:DFIN)

Envestnet Asset Management Inc. lifted its stake in shares of Donnelley Financial Solutions (NYSE:DFIN) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 172,622 shares of the company’s stock after acquiring an additional 10,375 shares during the period. Envestnet Asset Management Inc. owned 0.61% of Donnelley Financial Solutions worth $7,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Donnelley Financial Solutions by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 132,544 shares of the company’s stock valued at $5,793,000 after buying an additional 3,357 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Donnelley Financial Solutions by 8.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,159 shares of the company’s stock valued at $663,000 after buying an additional 1,142 shares during the period. Moran Wealth Management LLC purchased a new stake in Donnelley Financial Solutions in the 1st quarter valued at about $2,636,000. Harbor Capital Advisors Inc. raised its holdings in Donnelley Financial Solutions by 69.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 61,259 shares of the company’s stock valued at $2,678,000 after buying an additional 25,162 shares during the period. Finally, O Keefe Stevens Advisory Inc. raised its holdings in Donnelley Financial Solutions by 2.7% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 229,410 shares of the company’s stock valued at $10,028,000 after buying an additional 6,114 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DFIN shares. Needham & Company LLC reissued a “buy” rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research 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 Buying and Selling

In other Donnelley Financial Solutions news, insider Craig Clay sold 11,022 shares of Donnelley Financial Solutions 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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Up 1.2%

NYSE:DFIN opened at $61.98 on Wednesday. The stock has a fifty day moving average price of $58.99 and a two-hundred day moving average price of $54.39. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 20.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. 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 posted its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.54. The company had revenue of $201.10 million for 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%. Donnelley Financial Solutions’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share.

Donnelley Financial Solutions 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).