Bridges Investment Management Inc. Purchases 9,438 Shares of Donnelley Financial Solutions (NYSE:DFIN)

Bridges Investment Management Inc. increased its stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 111.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew its stake in 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 acquiring an additional 493 shares during the last quarter. Quarry LP acquired a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth about $42,000. Aquatic Capital Management LLC acquired a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth approximately $49,000. Huntington National Bank boosted its position in shares of 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 acquiring an additional 156 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $78,000. Hedge funds and other institutional investors own 93.84% of the company's stock.

Insider Activity

In related news, insider Craig Clay sold 11,022 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $54.03, for a total transaction of $595,518.66. Following the completion of the sale, the insider owned 143,448 shares in the company, valued at $7,750,495.44. This trade represents a 7.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN traded down $1.08 during trading on Friday, reaching $64.44. The company had a trading volume of 45,407 shares, compared to its average volume of 234,085. Donnelley Financial Solutions has a twelve month low of $37.80 and a twelve month high of $71.01. The firm's fifty day moving average is $57.56 and its 200 day moving average is $54.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.78 billion, a PE ratio of 21.34 and a beta of 1.06.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on DFIN. 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 reissued 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).