Donnelley Financial Solutions (NYSE:DFIN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Donnelley Financial Solutions (NYSE:DFIN) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,727 shares of the company’s stock after selling 2,055 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Donnelley Financial Solutions worth $1,430,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc grew its stake in shares of Donnelley Financial Solutions by 197.2% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company’s stock worth $32,000 after purchasing an additional 493 shares during the last quarter. Quarry LP acquired a new position in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $42,000. Aquatic Capital Management LLC acquired a new position in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $49,000. Huntington National Bank grew its stake in shares of Donnelley Financial Solutions by 20.7% in the 4th quarter. Huntington National Bank now owns 910 shares of the company’s stock worth $57,000 after purchasing an additional 156 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the transaction, the insider owned 143,448 shares in the company, valued at $7,750,495.44. This represents a 7.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is owned by corporate insiders.

Donnelley Financial Solutions Price Performance

DFIN stock opened at $64.99 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a one year low of $37.80 and a one year high of $71.01. The firm has a market capitalization of $1.80 billion, a PE ratio of 21.52 and a beta of 1.06. The firm has a 50-day moving average of $59.88 and a two-hundred day moving average of $54.57.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.54. Donnelley Financial Solutions had a net margin of 11.56% and a return on equity of 21.80%. The company had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.47 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis.

About Donnelley Financial Solutions

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).