11,800 Shares in Donnelley Financial Solutions $DFIN Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Donnelley Financial Solutions (NYSE:DFIN) during the first quarter, Holdings Channel reports. The fund purchased 11,800 shares of the company’s stock, valued at approximately $556,000.

A number of other large investors have also recently bought and sold shares of DFIN. First Citizens Bank & Trust Co. lifted its stake in shares of Donnelley Financial Solutions by 2.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company’s stock valued at $379,000 after purchasing an additional 220 shares during the period. Gotham Asset Management LLC increased its holdings in Donnelley Financial Solutions by 1.3% in the third quarter. Gotham Asset Management LLC now owns 18,256 shares of the company’s stock worth $939,000 after purchasing an additional 230 shares in the last quarter. Lido Advisors LLC increased its holdings in Donnelley Financial Solutions by 5.0% in the fourth quarter. Lido Advisors LLC now owns 4,857 shares of the company’s stock worth $244,000 after purchasing an additional 231 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Donnelley Financial Solutions by 3.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock valued at $365,000 after buying an additional 232 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Donnelley Financial Solutions by 4.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,296 shares of the company’s stock worth $367,000 after buying an additional 252 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Down 2.4%

Donnelley Financial Solutions stock opened at $45.16 on Wednesday. Donnelley Financial Solutions has a fifty-two week low of $36.11 and a fifty-two 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 firm’s 50-day simple moving average is $41.17 and its 200 day simple moving average is $46.15. The stock has a market cap of $1.13 billion, a PE ratio of 35.01 and a beta of 0.72.

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

Analyst Ratings Changes

DFIN has been the subject of several recent analyst reports. Zacks Research raised shares of Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. DA Davidson cut their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Finally, Wall Street Zen downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus 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.