Illinois Municipal Retirement Fund Boosts Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Illinois Municipal Retirement Fund lifted its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,017 shares of the company’s stock after purchasing an additional 879 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Donnelley Financial Solutions were worth $879,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after buying an additional 422 shares during the last quarter. Principal Securities Inc. lifted its position 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 worth $64,000 after buying an additional 953 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Donnelley Financial Solutions in the third quarter worth $74,000. KBC Group NV lifted its position in Donnelley Financial Solutions by 52.7% in the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after buying an additional 535 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in Donnelley Financial Solutions in the third quarter worth $225,000. 93.84% of the stock is currently owned by institutional investors.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary G. Greenfield bought 1,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was bought at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the purchase, the director now directly owns 43,128 shares of the company’s stock, valued at $2,108,527.92. The trade was a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Donnelley Financial Solutions Stock Performance

DFIN stock opened at $49.59 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. The business has a 50-day moving average price of $61.27 and a 200 day moving average price of $62.91. The company has a market capitalization of $1.42 billion, a P/E ratio of 16.21 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 1-year low of $47.94 and a 1-year high of $71.01.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on DFIN shares. DA Davidson lowered their price target on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC decreased their target price on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, B. Riley decreased their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

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).