Envestnet Asset Management Inc. Has $5.22 Million Holdings in Donnelley Financial Solutions $DFIN

Envestnet Asset Management Inc. lessened its stake in shares of Donnelley Financial Solutions (NYSE:DFIN) by 37.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,502 shares of the company’s stock after selling 60,496 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.38% of Donnelley Financial Solutions worth $5,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DFIN. Loomis Sayles & Co. L P lifted its position in shares of Donnelley Financial Solutions by 27.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 180,427 shares of the company’s stock worth $11,123,000 after purchasing an additional 38,413 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth $37,603,000. Frontier Capital Management Co. LLC grew its holdings in shares of Donnelley Financial Solutions by 5.7% in the second quarter. Frontier Capital Management Co. LLC now owns 554,828 shares of the company’s stock valued at $34,205,000 after acquiring an additional 29,849 shares in the last quarter. Isthmus Partners LLC increased its holdings in Donnelley Financial Solutions by 65.2% during the second quarter. Isthmus Partners LLC now owns 54,987 shares of the company’s stock worth $3,390,000 after buying an additional 21,700 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in Donnelley Financial Solutions during the second quarter valued at about $537,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DFIN. CJS Securities upgraded shares of Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Needham & Company LLC reissued a “buy” rating and issued a $57.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. DA Davidson reiterated a “buy” rating and issued a $66.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.50.

Donnelley Financial Solutions Stock Performance

DFIN stock opened at $47.35 on Monday. The stock’s fifty day moving average price is $48.52 and its 200-day moving average price is $50.25. The company has a market cap of $1.21 billion, a P/E ratio of 44.25 and a beta of 0.92. Donnelley Financial Solutions has a 1 year low of $37.07 and a 1 year high of $66.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.30. Donnelley Financial Solutions had a net margin of 4.22% and a return on equity of 23.88%. The firm had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $155.27 million. During the same quarter in the prior year, the business earned $0.40 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.