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

Bridges Investment Management Inc. grew its stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 111.3% in the 1st quarter, according to the company in 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 acquiring an additional 9,438 shares during the period. Bridges Investment Management Inc. owned about 0.06% of Donnelley Financial Solutions worth $783,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Donnelley Financial Solutions by 6.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 172,622 shares of the company's stock worth $7,545,000 after purchasing an additional 10,375 shares during the period. Principal Financial Group Inc. lifted its stake 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 valued at $5,793,000 after buying an additional 3,357 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Donnelley Financial Solutions by 8.1% in the first quarter. Illinois Municipal Retirement Fund now owns 15,159 shares of the company's stock valued at $663,000 after buying an additional 1,142 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of Donnelley Financial Solutions during the first quarter valued at $2,636,000. Finally, Harbor Capital Advisors Inc. grew its position in shares of Donnelley Financial Solutions by 69.7% during the first quarter. Harbor Capital Advisors Inc. now owns 61,259 shares of the company's stock worth $2,678,000 after acquiring an additional 25,162 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

Shares of NYSE:DFIN traded down $1.17 on Friday, hitting $64.35. The company's stock had a trading volume of 116,099 shares, compared to its average volume of 234,919. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 21.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $71.01. The stock's 50-day moving average is $57.80 and its two-hundred day moving average is $54.34.

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

Insider Transactions at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of the business's stock in a transaction 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 sale, the insider owned 143,448 shares of the company's stock, valued at approximately $7,750,495.44. The trade was a 7.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DFIN shares. DA Davidson reiterated a "buy" rating and issued a $72.00 price objective 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 target on shares of Donnelley Financial Solutions in a report on Thursday, May 1st.

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).