Squarepoint Ops LLC Sells 13,455 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Squarepoint Ops LLC lessened its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 66.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,884 shares of the company's stock after selling 13,455 shares during the period. Squarepoint Ops LLC's holdings in Donnelley Financial Solutions were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DFIN. Quarry LP purchased a new position in shares of Donnelley Financial Solutions during the 4th quarter worth $42,000. Aquatic Capital Management LLC bought a new stake in Donnelley Financial Solutions during the fourth quarter valued at about $49,000. Huntington National Bank increased its position in Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after buying an additional 156 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock worth $64,000 after buying an additional 953 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Donnelley Financial Solutions by 584.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock worth $73,000 after buying an additional 987 shares during the period. Hedge funds and other institutional investors own 93.84% of the company's stock.

Donnelley Financial Solutions Price Performance

NYSE:DFIN traded up $0.82 on Friday, reaching $56.64. 211,148 shares of the company's stock traded hands, compared to its average volume of 226,150. The stock has a 50-day simple moving average of $48.72 and a 200-day simple moving average of $54.32. Donnelley Financial Solutions, Inc. has a 12 month low of $37.80 and a 12 month high of $71.01. The firm has a market cap of $1.57 billion, a PE ratio of 18.51 and a beta of 1.04. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The firm had revenue of $201.10 million during the quarter, compared to analysts' expectations of $194.47 million. During the same quarter last year, the business posted $0.91 earnings per share. The firm's revenue was down 1.1% on a year-over-year basis.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, insider Craig Clay sold 11,022 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 143,448 shares in the company, valued at $7,750,495.44. This trade represents a 7.14% decrease in their ownership of the stock. The sale 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 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).