Legato Capital Management LLC Has $1.26 Million Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Legato Capital Management LLC boosted its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 17.3% in the fourth quarter, Holdings Channel reports. The firm owned 20,030 shares of the company’s stock after purchasing an additional 2,950 shares during the period. Legato Capital Management LLC’s holdings in Donnelley Financial Solutions were worth $1,256,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Donnelley Financial Solutions by 0.4% in the third quarter. State Street Corp now owns 1,060,700 shares of the company’s stock worth $69,826,000 after acquiring an additional 4,279 shares in the last quarter. Rice Hall James & Associates LLC grew its position in shares of Donnelley Financial Solutions by 2.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after purchasing an additional 24,869 shares during the period. Geode Capital Management LLC increased its stake in Donnelley Financial Solutions by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after purchasing an additional 20,652 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after buying an additional 46,273 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Donnelley Financial Solutions by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock valued at $23,133,000 after buying an additional 19,740 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 1.7 %

NYSE DFIN opened at $65.57 on Thursday. Donnelley Financial Solutions, Inc. has a 52 week low of $56.02 and a 52 week high of $71.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s 50 day moving average price is $63.06 and its two-hundred day moving average price is $63.79. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.49 and a beta of 1.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. B. Riley lowered their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday, January 15th.

Insider Transactions at Donnelley Financial Solutions

In related news, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently 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).