Donnelley Financial Solutions (NYSE:DFIN) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 111.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,916 shares of the company's stock after purchasing an additional 9,438 shares during the quarter. Bridges Investment Management Inc. owned 0.06% of Donnelley Financial Solutions worth $783,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DFIN. Huntington National Bank boosted its position in shares of Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after acquiring an additional 156 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Donnelley Financial Solutions by 197.2% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after purchasing an additional 493 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Donnelley Financial Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,678 shares of the company's stock valued at $921,000 after purchasing an additional 540 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Donnelley Financial Solutions by 0.4% in the 4th quarter. Nuveen Asset Management LLC now owns 150,204 shares of the company's stock valued at $9,422,000 after purchasing an additional 616 shares during the period. Finally, BOKF NA boosted its position in shares of Donnelley Financial Solutions by 7.6% in the 4th quarter. BOKF NA now owns 8,762 shares of the company's stock valued at $510,000 after purchasing an additional 617 shares during the period. 93.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 value of $595,518.66. Following the completion of the transaction, the insider directly owned 143,448 shares of the company's stock, valued at $7,750,495.44. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Donnelley Financial Solutions Stock Up 0.7%

DFIN opened at $64.71 on Thursday. 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 business has a 50 day simple moving average of $57.26 and a 200-day simple moving average of $54.41. The stock has a market capitalization of $1.79 billion, a P/E ratio of 21.43 and a beta of 1.06. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly 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 business had revenue of $201.10 million during the quarter, compared to analysts' expectations of $194.47 million. Donnelley Financial Solutions had a return on equity of 21.80% and a net margin of 11.56%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS.

About Donnelley Financial Solutions

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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