Fisher Asset Management LLC Sells 13,774 Shares of Donnelley Financial Solutions $DFIN

Fisher Asset Management LLC cut its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN) by 20.7% during the fourth quarter, Holdings Channel reports. The fund owned 52,729 shares of the company’s stock after selling 13,774 shares during the period. Fisher Asset Management LLC’s holdings in Donnelley Financial Solutions were worth $2,462,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Donnelley Financial Solutions by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock worth $96,032,000 after acquiring an additional 49,875 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Donnelley Financial Solutions by 8.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company’s stock worth $63,634,000 after acquiring an additional 91,494 shares during the last quarter. Simcoe Capital Management LLC grew its position in Donnelley Financial Solutions by 14.4% during the 3rd quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock worth $61,057,000 after acquiring an additional 149,455 shares during the last quarter. Shapiro Capital Management LLC grew its position in Donnelley Financial Solutions by 33.1% during the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock worth $36,586,000 after acquiring an additional 176,720 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after acquiring an additional 562,144 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 20,280 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.16, for a total transaction of $1,017,244.80. Following the transaction, the insider owned 116,814 shares of the company’s stock, valued at approximately $5,859,390.24. This represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Donnelley Financial Solutions Stock Up 0.1%

NYSE:DFIN opened at $39.88 on Friday. The stock’s fifty day moving average price is $45.69 and its two-hundred day moving average price is $47.31. Donnelley Financial Solutions has a 52-week low of $37.07 and a 52-week high of $66.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $996.31 million, a price-to-earnings ratio of 30.92 and a beta of 0.83.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. Donnelley Financial Solutions had a return on equity of 24.80% and a net margin of 4.52%.The firm had revenue of $205.50 million for the quarter, compared to the consensus estimate of $204.80 million. During the same quarter in the prior year, the business earned $1.24 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Donnelley Financial Solutions will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

DFIN has been the topic of a number of research analyst reports. DA Davidson decreased their price target on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.50.

About Donnelley Financial Solutions

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.