Donnelley Financial Solutions (NYSE:DFIN) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,511 shares of the company's stock after selling 6,930 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Donnelley Financial Solutions worth $984,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DFIN. Huntington National Bank grew its position in Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after purchasing an additional 156 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Donnelley Financial Solutions by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after buying an additional 182 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Donnelley Financial Solutions by 3.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock valued at $752,000 after buying an additional 387 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Donnelley Financial Solutions by 197.2% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after acquiring an additional 493 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Donnelley Financial Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,678 shares of the company's stock valued at $921,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 93.84% of the company's stock.

Insider Transactions at Donnelley Financial Solutions

In related news, insider Craig Clay sold 11,022 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $54.03, for a total value of $595,518.66. Following the completion of the transaction, the insider now directly owns 143,448 shares in the company, valued at $7,750,495.44. The trade was a 7.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock traded down $0.48 during trading hours on Friday, hitting $59.79. The company's stock had a trading volume of 669,834 shares, compared to its average volume of 232,149. The stock has a market cap of $1.65 billion, a PE ratio of 19.80 and a beta of 1.04. Donnelley Financial Solutions has a 12-month low of $37.80 and a 12-month high of $71.01. The company has a 50 day moving average of $52.30 and a 200 day moving average of $54.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.70 by $0.54. The company 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 11.56% and a return on equity of 21.80%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DFIN. DA Davidson reaffirmed a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a report on Thursday, May 1st.

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).