Assetmark Inc. Purchases 1,968 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assetmark Inc. raised its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,850 shares of the company’s stock after purchasing an additional 1,968 shares during the period. Assetmark Inc. owned approximately 0.12% of Donnelley Financial Solutions worth $2,236,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Donnelley Financial Solutions in the 3rd quarter valued at $40,000. USA Financial Formulas acquired a new position in Donnelley Financial Solutions in the fourth quarter valued at about $72,000. Bfsg LLC bought a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth about $109,000. Nkcfo LLC acquired a new stake in shares of Donnelley Financial Solutions during the third quarter worth about $141,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth about $173,000. Institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley boosted 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. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a report on Wednesday, May 1st. Finally, DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $72.00 in a research report on Friday, April 12th.

Insider Activity

In related news, Director Jeffrey Jacobowitz sold 132,056 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $63.62, for a total transaction of $8,401,402.72. Following the completion of the transaction, the director now owns 2,100,431 shares in the company, valued at $133,629,420.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donnelley Financial Solutions news, insider Robert Kirk Williams sold 19,084 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $63.58, for a total transaction of $1,213,360.72. Following the transaction, the insider now owns 58,983 shares of the company’s stock, valued at approximately $3,750,139.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Jacobowitz sold 132,056 shares of the company’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 sale, the director now owns 2,100,431 shares in the company, valued at approximately $133,629,420.22. The disclosure for this sale can be found here. Insiders have sold 486,031 shares of company stock worth $30,517,489 over the last ninety days. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock opened at $61.63 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 18.79 and a beta of 1.49. The stock’s 50-day moving average is $62.01 and its 200-day moving average is $61.46. Donnelley Financial Solutions, Inc. has a one year low of $41.98 and a one year high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $203.40 million for the quarter, compared to analysts’ expectations of $214.10 million. Equities analysts predict that Donnelley Financial Solutions, Inc. will post 3.31 earnings per share for the current fiscal year.

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).