Donnelley Financial Solutions $DFIN Stake Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Donnelley Financial Solutions (NYSE:DFIN) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,293 shares of the company’s stock after selling 17,341 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.23% of Donnelley Financial Solutions worth $2,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Donnelley Financial Solutions in the third quarter worth about $52,000. Versant Capital Management Inc increased its stake in Donnelley Financial Solutions by 28.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock worth $79,000 after purchasing an additional 343 shares in the last quarter. LSV Asset Management purchased a new position in Donnelley Financial Solutions in the 3rd quarter worth about $87,000. Vestcor Inc purchased a new position in Donnelley Financial Solutions in the 3rd quarter worth about $160,000. Finally, BNP Paribas Financial Markets increased its stake in Donnelley Financial Solutions by 64.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock worth $183,000 after purchasing an additional 1,160 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Eric J. Johnson sold 20,280 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the sale, the insider directly owned 116,814 shares in the company, valued at approximately $5,859,390.24. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DFIN. Zacks Research raised Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. 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 reissued a “buy” rating and issued a $66.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, February 18th. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Stock Up 0.5%

DFIN opened at $48.99 on Wednesday. The business has a 50 day moving average price of $47.64 and a 200 day moving average price of $48.72. Donnelley Financial Solutions has a twelve month low of $37.07 and a twelve month high of $66.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1.25 billion, a P/E ratio of 45.78 and a beta of 0.87.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results 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 return on equity of 23.88% and a net margin of 4.22%.The firm had revenue of $172.50 million during the quarter, compared to analyst estimates of $155.27 million. During the same period in the previous year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.

About Donnelley Financial Solutions

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.