Burgundy Asset Management Ltd. acquired a new position in Donnelley Financial Solutions (NYSE:DFIN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 189,978 shares of the company's stock, valued at approximately $8,304,000. Burgundy Asset Management Ltd. owned approximately 0.69% of Donnelley Financial Solutions at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Frontier Capital Management Co. LLC bought a new stake in Donnelley Financial Solutions during the fourth quarter worth about $26,329,000. Port Capital LLC bought a new stake in Donnelley Financial Solutions during the fourth quarter worth about $23,114,000. Tidal Investments LLC bought a new stake in Donnelley Financial Solutions during the fourth quarter worth about $19,595,000. Public Employees Retirement Association of Colorado boosted its stake in Donnelley Financial Solutions by 5,062.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company's stock worth $12,436,000 after acquiring an additional 194,399 shares in the last quarter. Finally, Shapiro Capital Management LLC bought a new stake in Donnelley Financial Solutions during the fourth quarter worth about $11,381,000. 93.84% of the stock is currently owned by institutional investors.
Donnelley Financial Solutions Price Performance
Shares of NYSE:DFIN opened at $54.28 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 1.29. Donnelley Financial Solutions has a 1-year low of $37.80 and a 1-year high of $70.55. The company has a market capitalization of $1.49 billion, a P/E ratio of 19.18 and a beta of 1.07. The firm's 50 day simple moving average is $59.69 and its two-hundred day simple moving average is $53.67.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The firm had revenue of $218.10 million for the quarter, compared to analysts' expectations of $226.13 million. Donnelley Financial Solutions had a net margin of 10.87% and a return on equity of 20.03%. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 earnings per share.
Insider Activity
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 sale, the insider owned 143,448 shares in the company, valued at approximately $7,750,495.44. The trade was a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on DFIN shares. Needham & Company LLC restated a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Donnelley Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.
Check Out Our Latest Analysis on Donnelley Financial Solutions
About Donnelley Financial Solutions
(
Free Report)
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).
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