Connor Clark & Lunn Investment Management Ltd. Increases Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,395 shares of the company’s stock after buying an additional 3,717 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Donnelley Financial Solutions were worth $1,279,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. lifted its stake in shares of Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock valued at $64,000 after purchasing an additional 953 shares during the period. Smartleaf Asset Management LLC raised its holdings in Donnelley Financial Solutions by 584.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock worth $73,000 after purchasing an additional 987 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Donnelley Financial Solutions during the third quarter valued at $74,000. KBC Group NV boosted its holdings in shares of Donnelley Financial Solutions by 52.7% during the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock valued at $97,000 after buying an additional 535 shares in the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Donnelley Financial Solutions in the 3rd quarter worth about $225,000. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Trading Up 1.5 %

NYSE DFIN opened at $45.15 on Thursday. Donnelley Financial Solutions, Inc. has a 12 month low of $41.76 and a 12 month high of $71.01. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $57.41 and its 200-day moving average price is $61.18. The stock has a market cap of $1.29 billion, a P/E ratio of 14.76 and a beta of 1.44.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The business had revenue of $156.30 million during the quarter, compared to the consensus estimate of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DFIN shares. Needham & Company LLC lowered their price target on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. DA Davidson lowered their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

Insider Activity at Donnelley Financial Solutions

In other news, Director Gary G. Greenfield purchased 1,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the purchase, the director now directly owns 43,128 shares in the company, valued at $2,108,527.92. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel Leib sold 25,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the transaction, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

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).