Neumeier Poma Investment Counsel LLC Sells 48,000 Shares of Donnelley Financial Solutions (NYSE:DFIN)

Key Points

• Neumeier Poma Investment Counsel LLC has reduced its stake in Donnelley Financial Solutions by 14.9%, now owning 275,080 shares valued at approximately $12 million.
• Insider Craig Clay sold 11,022 shares of Donnelley Financial Solutions for about $595,519, marking a 7.14% decrease in his holdings.
• Donnelley Financial Solutions reported earnings of $1.49 per share, beating estimates, but revenue fell 10.1% year-over-year to $218.1 million.

Neumeier Poma Investment Counsel LLC cut its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 14.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 275,080 shares of the company's stock after selling 48,000 shares during the period. Neumeier Poma Investment Counsel LLC owned about 1.00% of Donnelley Financial Solutions worth $12,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in Donnelley Financial Solutions in the fourth quarter worth $42,000. Versant Capital Management Inc grew its stake in shares of Donnelley Financial Solutions by 197.2% in the first quarter. Versant Capital Management Inc now owns 743 shares of the company's stock worth $32,000 after purchasing an additional 493 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Donnelley Financial Solutions in the fourth quarter worth $49,000. Meeder Asset Management Inc. grew its stake in shares of Donnelley Financial Solutions by 100.5% in the first 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 in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Donnelley Financial Solutions in the fourth quarter worth $245,000. 93.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DFIN has been the subject of several recent analyst reports. DA Davidson reissued a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Monday, April 14th. 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. Finally, Wall Street Zen cut Donnelley Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

Insider Transactions 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 stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is owned by corporate insiders.

Donnelley Financial Solutions Stock Performance

DFIN traded down $0.39 during midday trading on Monday, reaching $51.53. The company's stock had a trading volume of 41,974 shares, compared to its average volume of 285,668. Donnelley Financial Solutions has a twelve month low of $37.80 and a twelve month high of $70.55. The stock has a market cap of $1.42 billion, a P/E ratio of 18.21 and a beta of 1.07. The company has a fifty day simple moving average of $59.70 and a 200 day simple moving average of $53.99. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. Donnelley Financial Solutions had a return on equity of 20.03% and a net margin of 10.87%. The company had revenue of $218.10 million during the quarter, compared to analysts' expectations of $226.13 million. During the same period last year, the firm earned $1.47 EPS. The business's revenue for the quarter was down 10.1% on a year-over-year basis.

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).