Envestnet Asset Management Inc. Raises Stock Holdings in Donnelley Financial Solutions (NYSE:DFIN)

Envestnet Asset Management Inc. boosted its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 6.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,622 shares of the company's stock after buying an additional 10,375 shares during the quarter. Envestnet Asset Management Inc. owned 0.61% of Donnelley Financial Solutions worth $7,545,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Frontier Capital Management Co. LLC acquired a new stake in Donnelley Financial Solutions in the 4th quarter valued at $26,329,000. Port Capital LLC acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth $23,114,000. Tidal Investments LLC acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth $19,595,000. Public Employees Retirement Association of Colorado boosted its stake in Donnelley Financial Solutions by 5,062.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company's stock worth $12,436,000 after purchasing an additional 194,399 shares during the last quarter. Finally, Shapiro Capital Management LLC acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth $11,381,000. 93.84% of the stock is owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Trading Up 3.1%

NYSE DFIN traded up $1.97 during trading on Friday, hitting $64.97. The stock had a trading volume of 63,392 shares, compared to its average volume of 282,721. The company has a market capitalization of $1.80 billion, a PE ratio of 21.51 and a beta of 1.06. 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 50 day moving average price of $59.30 and a 200 day moving average price of $54.48. Donnelley Financial Solutions has a twelve month low of $37.80 and a twelve month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its 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 company had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.47 million. During the same period in the previous year, the company posted $0.91 EPS. Donnelley Financial Solutions's revenue was down 1.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. DA Davidson reaffirmed a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Insider Activity at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of the business'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 completion of the transaction, the insider directly owned 143,448 shares of the company's stock, valued at approximately $7,750,495.44. The trade was a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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).