Donnelley Financial Solutions $DFIN Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp increased its position in shares of Donnelley Financial Solutions (NYSE:DFIN) by 151.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 879,600 shares of the company’s stock after purchasing an additional 529,600 shares during the quarter. Alberta Investment Management Corp’s holdings in Donnelley Financial Solutions were worth $41,069,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Gotham Asset Management LLC raised its position in shares of Donnelley Financial Solutions by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 18,256 shares of the company’s stock valued at $939,000 after buying an additional 230 shares during the period. Lido Advisors LLC grew its stake in shares of Donnelley Financial Solutions by 5.0% in the fourth quarter. Lido Advisors LLC now owns 4,857 shares of the company’s stock worth $244,000 after acquiring an additional 231 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Donnelley Financial Solutions by 3.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock worth $365,000 after acquiring an additional 232 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Donnelley Financial Solutions by 4.2% in the second quarter. Osaic Holdings Inc. now owns 6,296 shares of the company’s stock worth $367,000 after acquiring an additional 252 shares in the last quarter. Finally, King Luther Capital Management Corp grew its stake in shares of Donnelley Financial Solutions by 0.5% during the third quarter. King Luther Capital Management Corp now owns 54,994 shares of the company’s stock worth $2,828,000 after purchasing an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DFIN. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. DA Davidson reduced their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

Donnelley Financial Solutions Trading Up 3.1%

Shares of DFIN opened at $39.65 on Tuesday. The firm’s 50-day moving average is $43.84 and its two-hundred day moving average is $46.72. The firm has a market capitalization of $990.33 million, a P/E ratio of 30.73 and a beta of 0.74. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month 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.

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

Donnelley Financial Solutions 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.