Mawer Investment Management Ltd. Has $58.26 Million Holdings in Donnelley Financial Solutions (NYSE:DFIN)

Key Points

• Mawer Investment Management Ltd. reduced its stake in Donnelley Financial Solutions by 23.2%, now owning 1,332,775 shares valued at approximately $58.26 million.
• Insider Craig Clay sold 11,022 shares of the company, decreasing his ownership by 7.14% and maintaining 143,448 shares valued around $7.75 million post-transaction.
• Donnelley Financial Solutions reported a quarterly EPS of $1.24, significantly surpassing estimates and showcasing a year-over-year revenue decrease of 1.1%.

Mawer Investment Management Ltd. cut its stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 23.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,332,775 shares of the company's stock after selling 402,787 shares during the period. Mawer Investment Management Ltd. owned about 4.82% of Donnelley Financial Solutions worth $58,256,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DFIN. Meeder Asset Management Inc. increased its stake in shares of Donnelley Financial Solutions by 100.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,484 shares of the company's stock worth $109,000 after purchasing an additional 1,245 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Donnelley Financial Solutions by 12.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,947 shares of the company's stock worth $435,000 after purchasing an additional 1,093 shares during the last quarter. Gallacher Capital Management LLC bought a new position in shares of Donnelley Financial Solutions during the first quarter valued at about $204,000. Isthmus Partners LLC purchased a new position in shares of Donnelley Financial Solutions during the first quarter valued at about $1,455,000. Finally, Bridges Investment Management Inc. grew its holdings in Donnelley Financial Solutions by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 17,916 shares of the company's stock worth $783,000 after purchasing an additional 9,438 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Donnelley Financial Solutions Trading Down 1.9%

DFIN stock traded down $1.03 during mid-day trading on Friday, hitting $51.94. 434,684 shares of the company were exchanged, compared to its average volume of 286,596. Donnelley Financial Solutions has a 12-month low of $37.80 and a 12-month high of $70.55. The business has a fifty day simple moving average of $60.03 and a 200-day simple moving average of $54.59. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.44 billion, a P/E ratio of 17.25 and a beta of 1.06.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. The company had revenue of $218.10 million for the quarter, compared to analysts' expectations of $226.13 million. Donnelley Financial Solutions had a net margin of 11.56% and a return on equity of 21.80%. The firm's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the company earned $1.47 earnings per share.

Insider Transactions at Donnelley Financial Solutions

In related news, insider Craig Clay sold 11,022 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were 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 position. The transaction was disclosed in a document filed 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 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).