Allspring Global Investments Holdings LLC Lowers Stock Position in Donnelley Financial Solutions (NYSE:DFIN)

Allspring Global Investments Holdings LLC trimmed its holdings in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 17.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,287 shares of the company's stock after selling 26,050 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.43% of Donnelley Financial Solutions worth $5,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank lifted its position in shares of Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after purchasing an additional 156 shares during the last quarter. Versant Capital Management Inc grew its stake in Donnelley Financial Solutions by 197.2% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Donnelley Financial Solutions by 3.8% in the fourth 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 grew its stake in Donnelley Financial Solutions by 0.4% in the fourth 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, BOKF NA grew its stake in shares of Donnelley Financial Solutions by 7.6% during the fourth quarter. BOKF NA now owns 8,762 shares of the company's stock worth $510,000 after acquiring an additional 617 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Up 0.7%

DFIN traded up $0.45 on Wednesday, reaching $64.71. The company's stock had a trading volume of 109,909 shares, compared to its average volume of 234,388. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $71.01. The stock has a 50 day moving average of $57.26 and a two-hundred day moving average of $54.41. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 21.43 and a beta of 1.06.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Craig Clay sold 11,022 shares of the company'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 sale, the insider owned 143,448 shares in the company, valued at $7,750,495.44. This represents a 7.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.30% of the company's stock.

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).