Alberta Investment Management Corp Sells 36,165 Shares of 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 lowered its position in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 19.4% in the first quarter, according to 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 approximately 0.54% of Donnelley Financial Solutions worth $6,556,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Donnelley Financial Solutions by 9,314.6% in the 1st quarter. GAMMA Investing LLC now owns 12,239 shares of the company's stock valued at $535,000 after purchasing an additional 12,109 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Donnelley Financial Solutions by 6.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 172,622 shares of the company's stock valued at $7,545,000 after purchasing an additional 10,375 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 last quarter. Nuveen Asset Management LLC boosted its stake 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 last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Donnelley Financial Solutions by 26.8% in the 4th quarter. Deutsche Bank AG now owns 33,675 shares of the company's stock valued at $2,112,000 after purchasing an additional 7,118 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.

Insider Activity at Donnelley Financial Solutions

In other 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 value of $595,518.66. Following the completion of the transaction, the insider owned 143,448 shares of the company's stock, valued at approximately $7,750,495.44. This represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Price Performance

DFIN traded down $1.89 on Friday, hitting $51.07. 625,757 shares of the stock were exchanged, compared to its average volume of 210,265. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $70.55. The business has a 50-day moving average of $59.98 and a two-hundred day moving average of $54.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 1.24. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 18.05 and a beta of 1.07.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.49 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $226.13 million. During the same quarter in the prior year, the business posted $1.47 earnings per share. Donnelley Financial Solutions's revenue was down 10.1% compared to the same quarter last year.

Analysts Set New Price Targets

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

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).