Alberta Investment Management Corp Takes Position in Donnelley Financial Solutions $DFIN

Key Points

• Alberta Investment Management Corp. acquired 1,052,611 shares of Donnelley Financial Solutions, worth about $44.2 million, giving it an approximately 4.28% stake. Institutional investors collectively own 93.84% of the company.
• Donnelley Financial Solutions exceeded quarterly expectations, reporting $1.76 EPS versus the $1.63 consensus estimate and $224.2 million in revenue, up 2.8% year over year.
• Analyst sentiment remains positive but mixed: the stock has a “Moderate Buy” consensus rating and a $61 average price target, compared with a recent share price of $48.80.

Alberta Investment Management Corp bought a new stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,052,611 shares of the company's stock, valued at approximately $44,157,000. Alberta Investment Management Corp owned approximately 4.28% of Donnelley Financial Solutions at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DFIN. Blue Trust Inc. grew its position in shares of Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $30,000 after buying an additional 336 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Donnelley Financial Solutions in the fourth quarter worth $70,000. Vestcor Inc purchased a new position in Donnelley Financial Solutions in the third quarter worth $160,000. LSV Asset Management increased its position in shares of Donnelley Financial Solutions by 117.6% during the fourth quarter. LSV Asset Management now owns 3,700 shares of the company's stock worth $173,000 after purchasing an additional 2,000 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Donnelley Financial Solutions by 64.0% during the second quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company's stock worth $183,000 after purchasing an additional 1,160 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $48.80 on Monday. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $57.88. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.20 billion, a PE ratio of 33.65 and a beta of 0.71. The business has a 50-day simple moving average of $44.90 and a 200-day simple moving average of $45.77.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The company had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.Donnelley Financial Solutions's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. On average, equities analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research cut Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. DA Davidson reduced their target price on Donnelley Financial Solutions from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 27th. Weiss Ratings reissued a "hold (c-)" rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Finally, Needham & Company LLC boosted their price target on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Donnelley Financial Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

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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