Donnelley Financial Solutions $DFIN Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its stake in shares of Donnelley Financial Solutions (NYSE:DFIN) by 26.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,412 shares of the company’s stock after selling 53,412 shares during the period. Marathon Asset Management Ltd owned about 0.54% of Donnelley Financial Solutions worth $7,684,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in Donnelley Financial Solutions by 77.8% during the second quarter. Harbor Capital Advisors Inc. now owns 108,891 shares of the company’s stock worth $6,713,000 after purchasing an additional 47,632 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Donnelley Financial Solutions by 43.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 176,885 shares of the company’s stock valued at $10,937,000 after buying an additional 53,598 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Donnelley Financial Solutions by 27.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 180,427 shares of the company’s stock worth $11,123,000 after buying an additional 38,413 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth about $37,603,000. Finally, Northern Trust Corp grew its stake in Donnelley Financial Solutions by 7.7% in the 1st quarter. Northern Trust Corp now owns 587,158 shares of the company’s stock valued at $25,665,000 after acquiring an additional 41,955 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $46.51 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $1.23 billion, a PE ratio of 44.29 and a beta of 0.90. The firm has a 50 day simple moving average of $47.16 and a 200-day simple moving average of $53.53. Donnelley Financial Solutions has a 1-year low of $37.80 and a 1-year high of $69.93.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Wednesday, October 29th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.57 by $0.29. Donnelley Financial Solutions had a net margin of 4.33% and a return on equity of 22.46%. The firm had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $169.70 million. During the same period in the previous year, the company earned $0.48 EPS. Donnelley Financial Solutions’s revenue for the quarter was down 2.3% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DFIN shares. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 22nd. Wall Street Zen upgraded Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. CJS Securities raised Donnelley Financial Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Needham & Company LLC lowered their target price on Donnelley Financial Solutions from $72.00 to $57.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Donnelley Financial Solutions currently has an average rating of “Moderate Buy” and an average target price of $63.50.

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.