Ritholtz Wealth Management lowered its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN – Get Rating) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,934 shares of the company's stock after selling 884 shares during the period. Ritholtz Wealth Management's holdings in Donnelley Financial Solutions were worth $232,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of DFIN. Fuller & Thaler Asset Management Inc. raised its stake in Donnelley Financial Solutions by 685.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 682,319 shares of the company's stock valued at $22,694,000 after purchasing an additional 595,416 shares during the period. Invesco Ltd. raised its stake in Donnelley Financial Solutions by 135.4% during the 4th quarter. Invesco Ltd. now owns 546,515 shares of the company's stock valued at $25,762,000 after purchasing an additional 314,321 shares during the period. abrdn plc raised its stake in Donnelley Financial Solutions by 28.4% during the 1st quarter. abrdn plc now owns 1,143,444 shares of the company's stock valued at $37,962,000 after purchasing an additional 253,238 shares during the period. Vanguard Group Inc. raised its stake in Donnelley Financial Solutions by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 2,068,295 shares of the company's stock valued at $68,791,000 after purchasing an additional 142,286 shares during the period. Finally, O Keefe Stevens Advisory Inc. acquired a new stake in Donnelley Financial Solutions during the 1st quarter valued at $3,530,000. Institutional investors own 95.92% of the company's stock.
Get Donnelley Financial Solutions alerts:Donnelley Financial Solutions Trading Down 0.7 %
Shares of NYSE:DFIN opened at $35.14 on Wednesday. The stock has a market capitalization of $1.04 billion, a PE ratio of 8.49 and a beta of 1.78. Donnelley Financial Solutions, Inc. has a 1 year low of $24.60 and a 1 year high of $52.33. The firm has a fifty day moving average price of $39.26 and a 200 day moving average price of $33.55. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.69.
Donnelley Financial Solutions (NYSE:DFIN – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.54. The firm had revenue of $266.20 million during the quarter, compared to analysts' expectations of $222.90 million. Donnelley Financial Solutions had a net margin of 14.64% and a return on equity of 39.18%. Analysts expect that Donnelley Financial Solutions, Inc. will post 3.9 EPS for the current fiscal year.Insider Buying and Selling
In related news, General Counsel Jennifer B. Reiners sold 20,049 shares of the company's stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $42.51, for a total value of $852,282.99. Following the completion of the sale, the general counsel now directly owns 69,884 shares in the company, valued at $2,970,768.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Donnelley Financial Solutions news, General Counsel Jennifer B. Reiners sold 20,049 shares of the company's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $42.51, for a total transaction of $852,282.99. Following the completion of the sale, the general counsel now directly owns 69,884 shares in the company, valued at $2,970,768.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David A. Gardella sold 74,265 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $42.17, for a total transaction of $3,131,755.05. Following the completion of the sale, the chief financial officer now owns 157,465 shares of the company's stock, valued at approximately $6,640,299.05. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Separately, B. Riley cut their target price on shares of Donnelley Financial Solutions from $45.00 to $40.00 in a research note on Tuesday, August 2nd.
Donnelley Financial Solutions Company Profile
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Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company 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).
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