Aberdeen Group plc Sells 138,532 Shares of Donnelley Financial Solutions $DFIN

Key Points

• Aberdeen Group plc sold 138,532 shares, reducing its stake in Donnelley Financial Solutions by 42% to 191,663 shares (about 0.72% of the company), valued at roughly $8.95 million per the latest 13F filing.
• DFIN beat quarterly expectations, reporting EPS of $0.70 vs. $0.40 expected and revenue of $172.5 million (up 10.4% year-over-year versus $155.27 million consensus).
• Insider Eric J. Johnson sold 20,280 shares at an average price of $50.16 (≈$1.02 million), trimming his position by 14.79% to 116,814 shares following the transaction.

Aberdeen Group plc lessened its position in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 42.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,663 shares of the company's stock after selling 138,532 shares during the quarter. Aberdeen Group plc owned 0.72% of Donnelley Financial Solutions worth $8,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth approximately $37,603,000. Alliancebernstein L.P. grew its position in Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company's stock worth $36,537,000 after acquiring an additional 562,144 shares during the last quarter. Royce & Associates LP grew its position in Donnelley Financial Solutions by 156.2% during the 3rd quarter. Royce & Associates LP now owns 434,077 shares of the company's stock worth $22,325,000 after acquiring an additional 264,659 shares during the last quarter. Simcoe Capital Management LLC grew its position in Donnelley Financial Solutions by 34.0% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company's stock worth $63,976,000 after acquiring an additional 263,570 shares during the last quarter. Finally, Shapiro Capital Management LLC grew its position in Donnelley Financial Solutions by 33.1% during the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company's stock worth $36,586,000 after acquiring an additional 176,720 shares during the last quarter. Institutional investors own 93.84% of the company's stock.

Insider Activity

In other news, insider Eric J. Johnson sold 20,280 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the transaction, the insider owned 116,814 shares of the company's stock, valued at approximately $5,859,390.24. This represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.90% of the company's stock.

Donnelley Financial Solutions Stock Up 0.5%

Shares of NYSE:DFIN opened at $48.99 on Wednesday. Donnelley Financial Solutions has a 52-week low of $37.07 and a 52-week high of $66.25. The firm has a market capitalization of $1.25 billion, a P/E ratio of 45.78 and a beta of 0.87. The stock has a 50 day moving average price of $47.64 and a 200-day moving average price of $48.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.30. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The firm had revenue of $172.50 million during the quarter, compared to analyst estimates of $155.27 million. During the same quarter in the prior year, the company earned $0.40 EPS. The business's revenue was up 10.4% compared to the same quarter last year.

Analysts Set New Price Targets

DFIN has been the topic of several recent research reports. DA Davidson restated a "buy" rating and set a $66.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, February 18th. Zacks Research upgraded Donnelley Financial Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. CJS Securities upgraded Donnelley Financial Solutions to a "strong-buy" rating in a research report on Thursday, December 11th. Wall Street Zen raised shares of Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Donnelley Financial Solutions currently has an average rating of "Buy" and a consensus price target of $61.50.

Donnelley Financial Solutions Profile

Donnelley Financial Solutions NYSE: DFIN offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN's flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.

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