Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by abrdn plc

abrdn plc trimmed its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 514,035 shares of the company’s stock after selling 64,404 shares during the period. abrdn plc’s holdings in Donnelley Financial Solutions were worth $32,060,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Donnelley Financial Solutions in the 3rd quarter worth about $310,000. Exchange Traded Concepts LLC acquired a new stake in shares of Donnelley Financial Solutions during the third quarter valued at approximately $429,000. Boston Trust Walden Corp purchased a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at approximately $25,804,000. Ellsworth Advisors LLC acquired a new position in Donnelley Financial Solutions in the 3rd quarter worth approximately $448,000. Finally, Assetmark Inc. boosted its stake in Donnelley Financial Solutions by 1.2% in the 3rd quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after purchasing an additional 398 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the sale, the director now directly owns 58,594 shares in the company, valued at $3,740,640.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total transaction of $194,520.48. Following the transaction, the director now directly owns 58,594 shares of the company’s stock, valued at $3,740,640.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Leib sold 33,122 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares of the company’s stock, valued at approximately $33,752,538.24. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Donnelley Financial Solutions Trading Up 2.7 %

Donnelley Financial Solutions stock opened at $63.92 on Tuesday. Donnelley Financial Solutions, Inc. has a 12 month low of $40.73 and a 12 month high of $66.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.88 billion, a P/E ratio of 23.59 and a beta of 1.50. The company’s fifty day simple moving average is $62.40 and its 200-day simple moving average is $60.02.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The firm had revenue of $176.50 million during the quarter, compared to analysts’ expectations of $169.35 million. During the same quarter last year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

DFIN has been the subject of a number of research analyst reports. Needham & Company LLC increased their target price on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $60.00 to $72.00 in a report on Friday, April 12th.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).