Rice Hall James & Associates LLC Buys Shares of 775,119 Donnelley Financial Solutions $DFIN

Key Points

• Rice Hall James & Associates acquired 775,119 shares of Donnelley Financial Solutions in the second quarter, worth approximately $32.5 million and representing a 3.15% stake. Institutional investors collectively own 93.84% of the company.
• Analyst sentiment remains generally positive, with DFIN carrying a “Moderate Buy” consensus rating and an average price target of $61.00, despite mixed recent rating changes.
• Donnelley Financial Solutions reported quarterly earnings of $1.76 per share, beating estimates of $1.63, while revenue rose 2.8% year over year to $224.2 million. Shares opened at $47.58, down 2.9%.

Rice Hall James & Associates LLC purchased a new position in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 775,119 shares of the company's stock, valued at approximately $32,516,000. Donnelley Financial Solutions accounts for 1.6% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 13th biggest holding. Rice Hall James & Associates LLC owned about 3.15% of Donnelley Financial Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. raised its holdings in Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $30,000 after buying an additional 336 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Donnelley Financial Solutions during the fourth quarter worth about $70,000. Vestcor Inc purchased a new position in Donnelley Financial Solutions during the third quarter worth about $160,000. LSV Asset Management increased its position in shares of Donnelley Financial Solutions by 117.6% during the fourth quarter. LSV Asset Management now owns 3,700 shares of the company's stock valued at $173,000 after acquiring an additional 2,000 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Donnelley Financial Solutions by 64.0% during the second quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company's stock valued at $183,000 after acquiring an additional 1,160 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on DFIN. DA Davidson decreased their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Needham & Company LLC boosted their target price on Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Zacks Research lowered Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Donnelley Financial Solutions has an average rating of "Moderate Buy" and an average target price of $61.00.

Donnelley Financial Solutions Trading Down 2.9%

NYSE DFIN opened at $47.58 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 32.81 and a beta of 0.71. The firm has a 50 day simple moving average of $45.11 and a 200-day simple moving average of $45.73. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $57.88.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $224.20 million for the quarter, compared to the consensus estimate of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. Equities research analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

About Donnelley Financial Solutions

Donnelley Financial Solutions NYSE: DFIN offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN's flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.

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