Envestnet Asset Management Inc. Acquires 10,375 Shares of Donnelley Financial Solutions (NYSE:DFIN)

Envestnet Asset Management Inc. raised its stake in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,622 shares of the company's stock after purchasing an additional 10,375 shares during the period. Envestnet Asset Management Inc. owned 0.61% of Donnelley Financial Solutions worth $7,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth $42,000. Versant Capital Management Inc boosted its stake in Donnelley Financial Solutions by 197.2% during the first quarter. Versant Capital Management Inc now owns 743 shares of the company's stock worth $32,000 after buying an additional 493 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Donnelley Financial Solutions during the fourth quarter worth $49,000. Huntington National Bank boosted its stake in 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 buying an additional 156 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Donnelley Financial Solutions during the fourth quarter worth $78,000. Institutional investors and hedge funds own 93.84% of the company's stock.

Donnelley Financial Solutions Price Performance

Shares of NYSE DFIN traded up $1.37 during midday trading on Friday, reaching $64.37. 157,819 shares of the company traded hands, compared to its average volume of 194,998. The firm has a market cap of $1.78 billion, a PE ratio of 21.31 and a beta of 1.06. The stock's 50-day simple moving average is $59.49 and its 200-day simple moving average is $54.48. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $71.01. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.

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

Insider Activity

In other Donnelley Financial Solutions news, insider Craig Clay sold 11,022 shares of Donnelley Financial Solutions stock in a transaction 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 transaction, the insider directly owned 143,448 shares of the company's stock, valued at approximately $7,750,495.44. This trade represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DFIN shares. DA Davidson reiterated a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research note 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 note on Thursday, May 1st.

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).