Access Investment Management LLC Acquires 270 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Access Investment Management LLC boosted its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,845 shares of the company’s stock after purchasing an additional 270 shares during the period. Donnelley Financial Solutions accounts for approximately 4.0% of Access Investment Management LLC’s holdings, making the stock its 6th largest holding. Access Investment Management LLC owned approximately 0.76% of Donnelley Financial Solutions worth $13,728,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Donnelley Financial Solutions by 0.4% during the third quarter. State Street Corp now owns 1,060,700 shares of the company’s stock worth $69,826,000 after purchasing an additional 4,279 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after buying an additional 24,869 shares in the last quarter. Geode Capital Management LLC boosted its position in Donnelley Financial Solutions by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock valued at $39,061,000 after buying an additional 20,652 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Donnelley Financial Solutions by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after buying an additional 46,273 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Donnelley Financial Solutions by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock worth $23,133,000 after acquiring an additional 19,740 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DFIN shares. B. Riley cut their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC cut their target price on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, DA Davidson lowered their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the transaction, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Down 3.0 %

NYSE:DFIN opened at $48.51 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. has a 12-month low of $47.94 and a 12-month high of $71.01. The stock’s fifty day simple moving average is $62.46 and its 200-day simple moving average is $63.36. The firm has a market capitalization of $1.39 billion, a P/E ratio of 15.85 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (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%.

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).