New York State Common Retirement Fund Sells 4,109 Shares of Donnelley Financial Solutions (NYSE:DFIN)

New York State Common Retirement Fund lowered its holdings in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Donnelley Financial Solutions by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company's stock worth $37,347,000 after buying an additional 39,980 shares during the last quarter. Northern Trust Corp raised its stake in Donnelley Financial Solutions by 17.2% in the 4th quarter. Northern Trust Corp now owns 545,203 shares of the company's stock valued at $34,201,000 after acquiring an additional 79,848 shares during the period. Frontier Capital Management Co. LLC bought a new stake in Donnelley Financial Solutions in the 4th quarter valued at about $26,329,000. Port Capital LLC bought a new stake in Donnelley Financial Solutions in the 4th quarter valued at about $23,114,000. Finally, Tidal Investments LLC bought a new stake in Donnelley Financial Solutions in the 4th quarter valued at about $19,595,000. Institutional investors and hedge funds own 93.84% of the company's stock.

Donnelley Financial Solutions Price Performance

Shares of DFIN traded up $1.37 during midday trading on Friday, hitting $64.37. 157,819 shares of the company traded hands, compared to its average volume of 283,461. The stock has a 50-day moving average of $59.30 and a 200-day moving average of $54.48. Donnelley Financial Solutions has a one year low of $37.80 and a one year high of $71.01. The firm has a market cap of $1.78 billion, a P/E ratio of 21.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $201.10 million for the quarter, compared to analysts' expectations of $194.47 million. During the same period in the prior year, the business posted $0.91 earnings per share. The company's revenue was down 1.1% on a year-over-year basis.

Analyst Upgrades and Downgrades

DFIN has been the topic of a number of research reports. DA Davidson restated a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st.

Insider Transactions at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was 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 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 document filed with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

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).