Arizona State Retirement System Sells 228 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Arizona State Retirement System trimmed its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN – Get Rating) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,547 shares of the company’s stock after selling 228 shares during the period. Arizona State Retirement System’s holdings in Donnelley Financial Solutions were worth $292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. raised its position in shares of Donnelley Financial Solutions by 202.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 829 shares of the company’s stock valued at $31,000 after purchasing an additional 555 shares during the period. Altshuler Shaham Ltd grew its position in shares of Donnelley Financial Solutions by 69.9% in the third quarter. Altshuler Shaham Ltd now owns 1,595 shares of the company’s stock valued at $59,000 after purchasing an additional 656 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Donnelley Financial Solutions by 65.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company’s stock worth $62,000 after purchasing an additional 660 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Donnelley Financial Solutions during the 3rd quarter valued at approximately $94,000. Finally, Counterpoint Mutual Funds LLC grew its holdings in Donnelley Financial Solutions by 23.2% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 3,601 shares of the company’s stock valued at $139,000 after buying an additional 678 shares during the last quarter. 90.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DFIN has been the subject of several research reports. B. Riley increased their price objective on Donnelley Financial Solutions from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. DA Davidson raised their price target on shares of Donnelley Financial Solutions from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, February 17th.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $45.59 on Tuesday. The firm has a market capitalization of $1.34 billion, a PE ratio of 15.61 and a beta of 1.66. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.71. Donnelley Financial Solutions, Inc. has a 1-year low of $26.55 and a 1-year high of $50.38. The business’s 50 day moving average is $42.01 and its 200-day moving average is $41.17.

Donnelley Financial Solutions (NYSE:DFIN – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.23). The business had revenue of $167.70 million during the quarter, compared to the consensus estimate of $183.80 million. Donnelley Financial Solutions had a net margin of 11.19% and a return on equity of 27.53%. Sell-side analysts predict that Donnelley Financial Solutions, Inc. will post 3.53 earnings per share for the current year.

Insider Activity

In related news, insider Craig Clay sold 21,275 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $42.55, for a total value of $905,251.25. Following the completion of the transaction, the insider now owns 117,304 shares of the company’s stock, valued at $4,991,285.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Jennifer B. Reiners sold 1,030 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $41.50, for a total value of $42,745.00. Following the sale, the general counsel now owns 68,249 shares in the company, valued at approximately $2,832,333.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Clay sold 21,275 shares of Donnelley Financial Solutions stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $42.55, for a total transaction of $905,251.25. Following the transaction, the insider now directly owns 117,304 shares of the company’s stock, valued at $4,991,285.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 421,554 shares of company stock worth $17,891,029. Corporate insiders own 13.60% of the company’s stock.

Donnelley Financial Solutions Company Profile

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Donnelley Financial Solutions, Inc engages in the provision of compliance and technology solutions. It operates through the following segments: Capital Markets-Software Solutions, Capital Markets-Compliance and Communications Management, Investment Companies-Software Solutions, and Investment Companies-Compliance and Communications Management.