Fisher Asset Management LLC Sells 13,774 Shares of Donnelley Financial Solutions $DFIN

Fisher Asset Management LLC lowered its position in Donnelley Financial Solutions (NYSE:DFIN) by 20.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,729 shares of the company’s stock after selling 13,774 shares during the quarter. Fisher Asset Management LLC owned 0.20% of Donnelley Financial Solutions worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Donnelley Financial Solutions by 13.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company’s stock worth $729,000 after acquiring an additional 2,005 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Donnelley Financial Solutions by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,954 shares of the company’s stock worth $4,456,000 after acquiring an additional 1,674 shares during the period. Jane Street Group LLC bought a new stake in shares of Donnelley Financial Solutions in the 1st quarter worth approximately $2,698,000. Intech Investment Management LLC lifted its position in shares of Donnelley Financial Solutions by 34.4% in the 1st quarter. Intech Investment Management LLC now owns 26,290 shares of the company’s stock worth $1,149,000 after acquiring an additional 6,734 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Donnelley Financial Solutions by 22.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 76,988 shares of the company’s stock worth $4,746,000 after acquiring an additional 14,303 shares during the period. Institutional investors own 93.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson reduced their price objective on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.50.

Insider Activity

In other news, insider Eric J. Johnson sold 20,280 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the transaction, the insider directly owned 116,814 shares of the company’s stock, valued at approximately $5,859,390.24. This represents a 14.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.1%

Shares of DFIN opened at $39.88 on Friday. Donnelley Financial Solutions has a 1 year low of $37.07 and a 1 year high of $66.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $45.69 and a 200-day simple moving average of $47.31. The stock has a market cap of $996.31 million, a PE ratio of 30.92 and a beta of 0.83.

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

Donnelley Financial Solutions Company Profile

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.