Harbor Capital Advisors Inc. Purchases 25,162 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Harbor Capital Advisors Inc. increased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 69.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,259 shares of the company's stock after purchasing an additional 25,162 shares during the period. Harbor Capital Advisors Inc. owned 0.21% of Donnelley Financial Solutions worth $2,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Donnelley Financial Solutions by 7.2% in 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 acquiring an additional 39,980 shares in the last quarter. Northern Trust Corp raised its holdings in Donnelley Financial Solutions by 17.2% during the fourth quarter. Northern Trust Corp now owns 545,203 shares of the company's stock worth $34,201,000 after purchasing an additional 79,848 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in Donnelley Financial Solutions in the fourth quarter valued at about $26,329,000. William Blair Investment Management LLC increased its holdings in Donnelley Financial Solutions by 16.7% in the fourth quarter. William Blair Investment Management LLC now owns 375,729 shares of the company's stock valued at $23,569,000 after buying an additional 53,665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Donnelley Financial Solutions by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock valued at $23,436,000 after buying an additional 22,195 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock traded down $0.76 during mid-day trading on Friday, reaching $57.04. The company had a trading volume of 222,823 shares, compared to its average volume of 228,626. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. has a 52 week low of $37.80 and a 52 week high of $71.01. The company has a 50 day moving average of $50.38 and a 200-day moving average of $54.22. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 18.64 and a beta of 1.04.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings data 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 net margin of 11.82% and a return on equity of 20.65%. The firm had revenue of $201.10 million during the quarter, compared to analysts' expectations of $194.47 million. During the same quarter last year, the company posted $0.91 EPS. The company's quarterly revenue was down 1.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

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

Insider Activity at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of the company'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 value of $595,518.66. Following the completion of the transaction, the insider now owns 143,448 shares in the company, valued at $7,750,495.44. This represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.30% of the company's stock.

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).