Donnelley Financial Solutions $DFIN Stake Raised by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN) by 151.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 879,600 shares of the company’s stock after acquiring 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 and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Donnelley Financial Solutions by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after purchasing an additional 49,875 shares during the period. Simcoe Capital Management LLC boosted 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 worth $61,057,000 after purchasing an additional 149,455 shares during the period. Rice Hall James & Associates LLC grew its position in Donnelley Financial Solutions by 0.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 765,939 shares of the company’s stock valued at $35,762,000 after purchasing an additional 6,871 shares in the last quarter. Shapiro Capital Management LLC grew its position in Donnelley Financial Solutions by 33.1% during the third quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after purchasing an additional 176,720 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Donnelley Financial Solutions by 1,842.6% in the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after buying an additional 562,144 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 0.6%

NYSE:DFIN opened at $39.19 on Friday. The company has a market capitalization of $978.94 million, a P/E ratio of 30.38 and a beta of 0.74. The stock’s 50 day moving average price is $43.31 and its 200 day moving average price is $46.52. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.41 and a current ratio of 1.41. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The firm had revenue of $205.50 million during the quarter, compared to analysts’ expectations 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 revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. On average, research analysts forecast that Donnelley Financial Solutions will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DFIN shares. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. DA Davidson dropped their price target on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. 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 data from MarketBeat, Donnelley Financial Solutions has an average rating of “Moderate Buy” and a consensus target price of $59.50.

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.