Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock Position Increased by Millennium Management LLC

Millennium Management LLC boosted its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 123.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 223,006 shares of the company's stock after purchasing an additional 123,239 shares during the quarter. Millennium Management LLC owned about 0.77% of Donnelley Financial Solutions worth $13,989,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in Donnelley Financial Solutions in the 4th quarter valued at about $42,000. Aquatic Capital Management LLC bought a new stake in Donnelley Financial Solutions in the 4th quarter valued at about $49,000. Huntington National Bank lifted its position in Donnelley Financial Solutions by 20.7% in the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock valued at $57,000 after purchasing an additional 156 shares during the last quarter. Principal Securities Inc. lifted its position in Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock valued at $64,000 after purchasing an additional 953 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock valued at $73,000 after buying an additional 987 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on DFIN shares. DA Davidson reissued a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th. Needham & Company LLC reissued a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st.

Donnelley Financial Solutions Stock Up 1.0%

Donnelley Financial Solutions stock opened at $54.75 on Friday. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 17.89 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $46.48 and its two-hundred day moving average price is $54.89. Donnelley Financial Solutions, Inc. has a 52 week low of $37.80 and a 52 week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its 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 firm had revenue of $201.10 million for the quarter, compared to analysts' expectations of $194.47 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. Donnelley Financial Solutions's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS.

Insider Transactions at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares of the company's stock, valued at $25,831,676.74. The trade was a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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).

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