Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,247 shares of the company's stock after purchasing an additional 45,609 shares during the period. Envestnet Asset Management Inc. owned 0.56% of Donnelley Financial Solutions worth $10,178,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at about $10,373,000. William Blair Investment Management LLC raised its stake in Donnelley Financial Solutions by 16.7% during the fourth quarter. William Blair Investment Management LLC now owns 375,729 shares of the company's stock worth $23,569,000 after purchasing an additional 53,665 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 46,273 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Donnelley Financial Solutions during the 4th quarter valued at $2,264,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Donnelley Financial Solutions by 556.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 37,661 shares of the company's stock valued at $2,362,000 after buying an additional 31,926 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Up 3.9 %

Shares of DFIN traded up $1.68 during midday trading on Thursday, reaching $44.85. 84,319 shares of the company were exchanged, compared to its average volume of 217,508. Donnelley Financial Solutions, Inc. has a 1-year low of $37.80 and a 1-year high of $71.01. The stock has a 50-day moving average price of $44.90 and a 200-day moving average price of $56.62. 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 company has a market cap of $1.28 billion, a price-to-earnings ratio of 14.68 and a beta of 1.23.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Insider Buying and Selling

In other news, Director Gary G. Greenfield bought 1,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 43,128 shares in the company, valued at $2,108,527.92. The trade was a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Daniel Leib sold 25,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a report on Friday, March 28th. DA Davidson reiterated a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a report on Monday, April 14th.

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).