Donnelley Financial Solutions (NYSE:DFIN) Shares Sold by Burney Co.

Key Points

• Burney Co. reduced its holdings in Donnelley Financial Solutions (NYSE:DFIN) by 86.4% during Q1, now owning 22,846 shares valued at approximately $999,000.
• Analysts at Needham & Company and DA Davidson both reissued a "buy" rating for DFIN, setting a target price of $72.00 per share.
• Donnelley Financial Solutions reported a Q1 EPS of $1.24, significantly surpassing analysts' expectations of $0.70 and generating revenue of $201.10 million.

Burney Co. cut its position in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 86.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,846 shares of the company's stock after selling 145,575 shares during the quarter. Burney Co. owned approximately 0.08% of Donnelley Financial Solutions worth $999,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Frontier Capital Management Co. LLC acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth approximately $26,329,000. Port Capital LLC acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $23,114,000. Tidal Investments LLC acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $19,595,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Donnelley Financial Solutions by 5,062.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company's stock valued at $12,436,000 after buying an additional 194,399 shares during the period. Finally, Shapiro Capital Management LLC acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $11,381,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Trading Up 0.5%

DFIN stock traded up $0.32 during trading on Monday, reaching $64.68. 18,408 shares of the stock traded hands, compared to its average volume of 281,570. The business's 50 day moving average price is $59.49 and its 200-day moving average price is $54.45. Donnelley Financial Solutions has a 52-week low of $37.80 and a 52-week high of $71.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $1.79 billion, a PE ratio of 21.40 and a beta of 1.06.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 21.80% and a net margin of 11.56%. The company had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.47 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company's revenue was down 1.1% compared to the same quarter last year.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, insider Craig Clay sold 11,022 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by insiders.

Analyst Ratings Changes

DFIN has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. DA Davidson restated a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Monday, April 14th.

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).