Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Burney Co.

Burney Co. cut its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,421 shares of the company’s stock after selling 14,390 shares during the period. Burney Co. owned approximately 0.58% of Donnelley Financial Solutions worth $10,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Donnelley Financial Solutions in the fourth quarter worth about $2,264,000. JPMorgan Chase & Co. grew its position 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 purchasing an additional 46,273 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Donnelley Financial Solutions during the 3rd quarter valued at $719,000. Sanctuary Advisors LLC boosted its position in shares of Donnelley Financial Solutions by 11.0% in the third quarter. Sanctuary Advisors LLC now owns 10,827 shares of the company’s stock worth $666,000 after buying an additional 1,073 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Donnelley Financial Solutions by 3.6% during the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock valued at $39,061,000 after buying an additional 20,652 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

DFIN has been the topic of several research analyst reports. B. Riley lowered their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the sale, the director now directly owns 774,165 shares of the company’s stock, valued at approximately $45,265,427.55. This represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $61.99 on Wednesday. Donnelley Financial Solutions, Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $71.01. The stock’s 50-day moving average is $60.97 and its two-hundred day moving average is $63.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $1.79 billion, a P/E ratio of 19.37 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). The company had revenue of $179.50 million during the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. Analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

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).