Aberdeen Group plc Sells 138,532 Shares of Donnelley Financial Solutions $DFIN

Aberdeen Group plc lowered its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN) by 42.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,663 shares of the company’s stock after selling 138,532 shares during the period. Aberdeen Group plc’s holdings in Donnelley Financial Solutions were worth $8,949,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Simcoe Capital Management LLC increased its holdings in shares of Donnelley Financial Solutions by 14.4% during the third quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock valued at $61,057,000 after acquiring an additional 149,455 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Donnelley Financial Solutions during the third quarter valued at $621,000. Westwood Holdings Group Inc. bought a new position in shares of Donnelley Financial Solutions during the second quarter valued at $37,603,000. Alberta Investment Management Corp increased its holdings in shares of Donnelley Financial Solutions by 75.0% during the third quarter. Alberta Investment Management Corp now owns 350,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Donnelley Financial Solutions by 5.7% during the second quarter. Frontier Capital Management Co. LLC now owns 554,828 shares of the company’s stock valued at $34,205,000 after acquiring an additional 29,849 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Insider Activity at Donnelley Financial Solutions

In other news, insider Eric J. Johnson sold 20,280 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the sale, the insider directly owned 116,814 shares in the company, valued at $5,859,390.24. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is owned by corporate insiders.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $48.99 on Wednesday. The company has a 50 day moving average price of $47.64 and a 200-day moving average price of $48.72. Donnelley Financial Solutions has a 52 week low of $37.07 and a 52 week high of $66.25. The firm has a market capitalization of $1.25 billion, a PE ratio of 45.78 and a beta of 0.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.30. Donnelley Financial Solutions had a net margin of 4.22% and a return on equity of 23.88%. The firm had revenue of $172.50 million during the quarter, compared to analyst estimates of $155.27 million. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DFIN. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Zacks Research raised Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. CJS Securities raised Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Donnelley Financial Solutions has a consensus rating of “Buy” and a consensus target price of $61.50.

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.