New York State Common Retirement Fund Trims Holdings in Donnelley Financial Solutions (NYSE:DFIN)

New York State Common Retirement Fund lessened its stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 9.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,878 shares of the company's stock after selling 4,109 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of Donnelley Financial Solutions worth $1,787,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings 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 buying an additional 493 shares during the period. Quarry LP bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $42,000. Aquatic Capital Management LLC bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $49,000. Huntington National Bank increased its holdings in 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 buying an additional 156 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 93.84% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

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

Donnelley Financial Solutions Stock Up 2.2%

Shares of DFIN traded up $1.37 during midday trading on Friday, reaching $64.37. 157,819 shares of the stock were exchanged, compared to its average volume of 194,998. Donnelley Financial Solutions has a 52 week low of $37.80 and a 52 week high of $71.01. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company's 50 day moving average is $59.49 and its two-hundred day moving average is $54.48. The company has a market capitalization of $1.78 billion, a P/E ratio of 21.31 and a beta of 1.06.

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

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).