Exchange Traded Concepts LLC Lowers Position in Donnelley Financial Solutions (NYSE:DFIN)

Exchange Traded Concepts LLC trimmed its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 65.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,629 shares of the company's stock after selling 10,658 shares during the period. Exchange Traded Concepts LLC's holdings in Donnelley Financial Solutions were worth $246,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Donnelley Financial Solutions by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company's stock valued at $37,347,000 after purchasing an additional 39,980 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Donnelley Financial Solutions by 17.2% during the fourth quarter. Northern Trust Corp now owns 545,203 shares of the company's stock valued at $34,201,000 after purchasing an additional 79,848 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $26,329,000. William Blair Investment Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 16.7% during the fourth quarter. William Blair Investment Management LLC now owns 375,729 shares of the company's stock valued at $23,569,000 after purchasing an additional 53,665 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Donnelley Financial Solutions by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock valued at $23,436,000 after purchasing an additional 22,195 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $59.79 on Monday. The company has a market capitalization of $1.65 billion, a P/E ratio of 19.80 and a beta of 1.05. 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 of $52.30 and a 200 day moving average of $54.21. 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 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. The company had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.47 million. Donnelley Financial Solutions had a net margin of 11.56% and a return on equity of 21.80%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share.

Insider Activity at Donnelley Financial Solutions

In related news, insider Craig Clay sold 11,022 shares of the firm's 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 now owns 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

About Donnelley Financial Solutions

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).

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