Charles Schwab Investment Management Inc. Acquires 1,321 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Charles Schwab Investment Management Inc. increased its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 328,050 shares of the company’s stock after buying an additional 1,321 shares during the period. Charles Schwab Investment Management Inc. owned 1.13% of Donnelley Financial Solutions worth $20,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DFIN. Quantbot Technologies LP purchased a new position in shares of Donnelley Financial Solutions in the third quarter valued at $40,000. Bfsg LLC purchased a new position in Donnelley Financial Solutions during the 4th quarter valued at about $109,000. Nkcfo LLC purchased a new position in Donnelley Financial Solutions during the 3rd quarter valued at about $141,000. Arlington Trust Co LLC bought a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at about $173,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Donnelley Financial Solutions during the third quarter valued at about $337,000. 93.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DFIN. B. Riley boosted their price objective on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, May 1st. Finally, DA Davidson upgraded 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.

Donnelley Financial Solutions Stock Up 0.7 %

Shares of NYSE DFIN opened at $61.63 on Friday. The business has a 50-day moving average of $62.01 and a 200-day moving average of $61.46. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.79 and a beta of 1.49. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.50. Donnelley Financial Solutions, Inc. has a 12 month low of $41.98 and a 12 month high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.25. Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. The firm had revenue of $203.40 million for the quarter, compared to analyst estimates of $214.10 million. Sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In other news, insider Craig Clay sold 5,698 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the completion of the transaction, the insider now directly owns 148,748 shares in the company, valued at approximately $9,820,342.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Donnelley Financial Solutions news, insider Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock in a transaction that occurred 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 transaction, the insider now directly owns 148,748 shares of the company’s stock, valued at $9,820,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel Leib sold 33,122 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the sale, the chief executive officer now owns 524,352 shares of the company’s stock, valued at $33,752,538.24. The disclosure for this sale can be found here. Insiders have sold a total of 486,031 shares of company stock valued at $30,517,489 over the last 90 days. 11.90% of the stock is owned by insiders.

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).