Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,086 shares of the company’s stock after selling 4,383 shares during the period. Fisher Asset Management LLC owned 0.35% of Donnelley Financial Solutions worth $6,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DFIN. Quantbot Technologies LP purchased a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth $40,000. Bfsg LLC acquired a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $109,000. Nkcfo LLC acquired a new position in shares of Donnelley Financial Solutions in the 3rd quarter valued at $141,000. Arlington Trust Co LLC purchased a new position in shares of Donnelley Financial Solutions in the 4th quarter valued at $173,000. Finally, SG Americas Securities LLC acquired a new stake in Donnelley Financial Solutions during the 3rd quarter worth $310,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $63.16 on Tuesday. Donnelley Financial Solutions, Inc. has a one year low of $41.74 and a one year high of $66.21. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 19.26 and a beta of 1.49. The company has a 50-day simple moving average of $62.38 and a 200-day simple moving average of $60.67. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.49 and a current ratio of 1.49.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $169.35 million. Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. On average, analysts predict that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

DFIN has been the topic of several research reports. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $72.00 in a report on Friday, April 12th. B. Riley raised their price target on Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, May 1st.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Craig Clay sold 5,698 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $66.02, for a total transaction of $376,181.96. Following the completion of the transaction, the insider now owns 148,748 shares in the company, valued at approximately $9,820,342.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Donnelley Financial Solutions news, insider Craig Clay sold 5,698 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total transaction of $376,181.96. Following the transaction, the insider now owns 148,748 shares in the company, valued at approximately $9,820,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Kirk Williams sold 19,084 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $63.58, for a total value of $1,213,360.72. Following the transaction, the insider now directly owns 58,983 shares of the company’s stock, valued at $3,750,139.14. The disclosure for this sale can be found here. Insiders have sold a total of 60,951 shares of company stock worth $3,916,126 in the last three months. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Company 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).