Allspring Global Investments Holdings LLC Cuts Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Allspring Global Investments Holdings LLC cut its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,374 shares of the company’s stock after selling 57,881 shares during the period. Allspring Global Investments Holdings LLC owned about 0.35% of Donnelley Financial Solutions worth $6,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in Donnelley Financial Solutions during the second quarter worth about $28,000. Quantbot Technologies LP purchased a new stake in Donnelley Financial Solutions during the third quarter worth about $40,000. Tower Research Capital LLC TRC increased its stake in Donnelley Financial Solutions by 65.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company’s stock worth $62,000 after purchasing an additional 660 shares during the period. Nkcfo LLC purchased a new stake in Donnelley Financial Solutions during the third quarter worth about $141,000. Finally, State of Wyoming increased its stake in Donnelley Financial Solutions by 24.3% during the second quarter. State of Wyoming now owns 2,580 shares of the company’s stock worth $117,000 after purchasing an additional 505 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DFIN has been the topic of a number of recent research reports. DA Davidson upgraded shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $72.00 in a research note on Friday, April 12th. Needham & Company LLC upped their target price on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the transaction, the director now directly owns 58,594 shares in the company, valued at $3,740,640.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $64.37, for a total value of $2,132,063.14. Following the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at $33,752,538.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total transaction of $194,520.48. Following the completion of the transaction, the director now owns 58,594 shares in the company, valued at $3,740,640.96. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Donnelley Financial Solutions Stock Up 1.1 %

DFIN stock opened at $61.71 on Friday. The company’s 50 day moving average price is $62.46 and its 200 day moving average price is $59.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. Donnelley Financial Solutions, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $66.00. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 22.77 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $169.35 million. Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities research analysts anticipate that Donnelley Financial Solutions, Inc. will post 2.93 EPS 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).