Price T Rowe Associates Inc. MD Increases Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Price T Rowe Associates Inc. MD lifted its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 595,344 shares of the company's stock after purchasing an additional 39,980 shares during the quarter. Price T Rowe Associates Inc. MD owned 2.06% of Donnelley Financial Solutions worth $37,347,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MetLife Investment Management LLC lifted its position in shares of Donnelley Financial Solutions by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 15,855 shares of the company's stock valued at $995,000 after buying an additional 743 shares in the last quarter. First Trust Advisors LP raised its position in Donnelley Financial Solutions by 5.1% during the fourth quarter. First Trust Advisors LP now owns 37,637 shares of the company's stock worth $2,361,000 after acquiring an additional 1,837 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Donnelley Financial Solutions by 2.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 36,830 shares of the company's stock valued at $2,306,000 after purchasing an additional 994 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Donnelley Financial Solutions by 5.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 13,775 shares of the company's stock valued at $864,000 after purchasing an additional 725 shares during the period. Finally, Granite Investment Partners LLC increased its stake in shares of Donnelley Financial Solutions by 21.1% during the fourth quarter. Granite Investment Partners LLC now owns 187,794 shares of the company's stock worth $11,780,000 after purchasing an additional 32,747 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DFIN shares. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Thursday, May 1st. DA Davidson restated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Monday, April 14th.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN traded down $0.04 during midday trading on Tuesday, hitting $51.76. The company's stock had a trading volume of 20,625 shares, compared to its average volume of 222,198. The company has a market cap of $1.43 billion, a P/E ratio of 16.91 and a beta of 1.04. Donnelley Financial Solutions, Inc. has a 12-month low of $37.80 and a 12-month high of $71.01. The business's 50 day simple moving average is $44.30 and its 200 day simple moving average is $55.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.54. The business had revenue of $201.10 million for the quarter, compared to analyst estimates of $194.47 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business's revenue was down 1.1% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS.

Insiders Place Their Bets

In other news, Director Gary G. Greenfield purchased 1,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now directly owns 43,128 shares in the company, valued at approximately $2,108,527.92. This represents a 2.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Daniel Leib sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the sale, the chief executive officer now owns 515,191 shares of the company's stock, valued at $25,831,676.74. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

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).