Smartleaf Asset Management LLC Buys 987 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Smartleaf Asset Management LLC boosted its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 584.0% in the fourth quarter, Holdings Channel reports. The fund owned 1,156 shares of the company’s stock after acquiring an additional 987 shares during the period. Smartleaf Asset Management LLC’s holdings in Donnelley Financial Solutions were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after purchasing an additional 422 shares during the period. Principal Securities Inc. increased its stake in Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock valued at $64,000 after acquiring an additional 953 shares during the period. Point72 DIFC Ltd acquired a new position in Donnelley Financial Solutions in the third quarter worth about $74,000. KBC Group NV lifted its stake in Donnelley Financial Solutions by 52.7% during the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after purchasing an additional 535 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at $225,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insider Activity

In related news, CEO Daniel Leib sold 25,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the transaction, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary G. Greenfield bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now owns 43,128 shares of the company’s stock, valued at $2,108,527.92. This represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

DFIN has been the subject of a number of research analyst reports. Needham & Company LLC cut their price target on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. DA Davidson reduced their price objective on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th.

Donnelley Financial Solutions Stock Performance

DFIN stock opened at $47.30 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $59.75 and its two-hundred day moving average price is $62.28. Donnelley Financial Solutions, Inc. has a 1-year low of $45.09 and a 1-year high of $71.01. The firm has a market cap of $1.35 billion, a PE ratio of 15.46 and a beta of 1.44.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Donnelley Financial Solutions 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).