Algert Global LLC grew its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 90.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 529,983 shares of the company's stock after buying an additional 252,383 shares during the quarter. Algert Global LLC owned 2.16% of Donnelley Financial Solutions worth $22,233,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of Donnelley Financial Solutions by 109.4% in the first quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $30,000 after buying an additional 336 shares during the period. Keating Financial Advisory Services Inc. acquired a new position in Donnelley Financial Solutions during the 2nd quarter worth approximately $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Donnelley Financial Solutions in the 4th quarter worth approximately $70,000. BNP Paribas Financial Markets boosted its holdings in Donnelley Financial Solutions by 64.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company's stock worth $183,000 after acquiring an additional 1,160 shares during the period. Finally, Vestcor Inc acquired a new stake in Donnelley Financial Solutions in the third quarter valued at approximately $160,000. Institutional investors and hedge funds own 93.84% of the company's stock.
Donnelley Financial Solutions Price Performance
Shares of DFIN opened at $47.31 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $57.37. The stock has a fifty day moving average price of $46.13 and a 200 day moving average price of $45.64. The company has a market cap of $1.16 billion, a P/E ratio of 32.63 and a beta of 0.71.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. During the same period in the previous year, the firm posted $1.49 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on DFIN shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. DA Davidson decreased their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Needham & Company LLC raised their target price on Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Zacks Research cut Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.00.
Get Our Latest Stock Report on Donnelley Financial Solutions
Donnelley Financial Solutions Company Profile
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Free Report)
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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