Teacher Retirement System of Texas Trims Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Teacher Retirement System of Texas cut its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,686 shares of the company’s stock after selling 1,541 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Donnelley Financial Solutions worth $916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Donnelley Financial Solutions in the third quarter worth $40,000. Bfsg LLC bought a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at $109,000. Nkcfo LLC bought a new position in shares of Donnelley Financial Solutions during the third quarter valued at $141,000. Arlington Trust Co LLC bought a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at $173,000. Finally, Pathstone Family Office LLC bought a new position in shares of Donnelley Financial Solutions during the third quarter valued at $337,000. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $62.19 on Thursday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 18.96 and a beta of 1.49. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $62.06 and a 200-day moving average price of $61.41. Donnelley Financial Solutions, Inc. has a twelve month low of $41.98 and a twelve month high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.25. Donnelley Financial Solutions had a return on equity of 24.68% and a net margin of 12.43%. The company had revenue of $203.40 million during the quarter, compared to analyst estimates of $214.10 million. As a group, equities research analysts predict that Donnelley Financial Solutions, Inc. will post 3.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Jeffrey Jacobowitz sold 132,056 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $63.62, for a total value of $8,401,402.72. Following the completion of the sale, the director now directly owns 2,100,431 shares of the company’s stock, valued at approximately $133,629,420.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 132,056 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $63.62, for a total transaction of $8,401,402.72. Following the transaction, the director now directly owns 2,100,431 shares in the company, valued at approximately $133,629,420.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Clay sold 5,698 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the transaction, the insider now owns 148,748 shares in the company, valued at $9,820,342.96. The disclosure for this sale can be found here. Insiders sold 489,078 shares of company stock valued at $30,712,009 in the last ninety days. Insiders own 11.90% of the company’s stock.

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).