Alberta Investment Management Corp Reduces Holdings in Donnelley Financial Solutions (NYSE:DFIN)

Key Points

• Alberta Investment Management Corp reduced its stake in Donnelley Financial Solutions by 19.4%, owning 150,000 shares valued at approximately $6.56 million at the end of the first quarter.
• Donnelley Financial Solutions reported earnings per share of $1.49 for the most recent quarter, exceeding analyst estimates, although its revenue of $218.10 million fell short of the consensus estimate.
• Analysts have recently given mixed ratings on DFIN, with DA Davidson and Needham & Company maintaining a "buy" rating and a price target of $72.00, while Wall Street Zen downgraded the stock to a "hold" rating.

Alberta Investment Management Corp reduced its stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 19.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the company's stock after selling 36,165 shares during the quarter. Alberta Investment Management Corp owned about 0.54% of Donnelley Financial Solutions worth $6,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake 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 worth $32,000 after purchasing an additional 493 shares in the last quarter. Quarry LP bought a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at about $42,000. Aquatic Capital Management LLC bought a new position in shares of Donnelley Financial Solutions in the 4th quarter valued at about $49,000. Huntington National Bank lifted its holdings in shares of 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 acquiring an additional 156 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Donnelley Financial Solutions by 100.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,484 shares of the company's stock valued at $109,000 after acquiring an additional 1,245 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, insider Craig Clay sold 11,022 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $54.03, for a total value of $595,518.66. Following the transaction, the insider directly owned 143,448 shares in the company, valued at $7,750,495.44. The trade was a 7.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.90% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on DFIN shares. Needham & Company LLC reissued a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st. Wall Street Zen lowered shares of Donnelley Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Finally, DA Davidson restated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded down $0.85 during trading on Tuesday, hitting $51.34. 81,666 shares of the company's stock were exchanged, compared to its average volume of 287,060. Donnelley Financial Solutions has a 52-week low of $37.80 and a 52-week high of $70.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50-day simple moving average of $59.95 and a 200-day simple moving average of $54.35. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.12 and a beta of 1.07.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. Donnelley Financial Solutions had a net margin of 10.87% and a return on equity of 20.03%. The business had revenue of $218.10 million for the quarter, compared to analyst estimates of $226.13 million. During the same quarter last year, the business earned $1.47 earnings per share. The company's revenue for the quarter was down 10.1% compared to the same quarter last year.

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).