Burney Co. Trims Stake in Donnelley Financial Solutions (NYSE:DFIN)

Burney Co. lessened its stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 86.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC bought a new stake in shares of Donnelley Financial Solutions in the 1st quarter valued at approximately $204,000. Isthmus Partners LLC bought a new stake in Donnelley Financial Solutions in the first quarter worth $1,455,000. Bridges Investment Management Inc. lifted its position in Donnelley Financial Solutions by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 17,916 shares of the company's stock worth $783,000 after buying an additional 9,438 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Donnelley Financial Solutions by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 172,622 shares of the company's stock worth $7,545,000 after buying an additional 10,375 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Donnelley Financial Solutions by 2.6% in the first quarter. Principal Financial Group Inc. now owns 132,544 shares of the company's stock worth $5,793,000 after buying an additional 3,357 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. DA Davidson restated a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st.

Insider Activity

In related news, insider Craig Clay sold 11,022 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total transaction of $595,518.66. Following the completion of the sale, the insider directly owned 143,448 shares of the company's stock, valued at approximately $7,750,495.44. This trade represents a 7.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Trading Up 2.2%

Shares of DFIN stock traded up $1.37 on Friday, reaching $64.37. 157,819 shares of the company's stock were exchanged, compared to its average volume of 194,998. Donnelley Financial Solutions has a 52 week low of $37.80 and a 52 week high of $71.01. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.78 billion, a PE ratio of 21.31 and a beta of 1.06. The company's fifty day simple moving average is $59.30 and its 200 day simple moving average is $54.48.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.47 million. During the same period last year, the company earned $0.91 EPS. Donnelley Financial Solutions's quarterly revenue was down 1.1% compared to the same quarter last year.

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).