Rice Hall James & Associates LLC Sells 17,774 Shares of Donnelley Financial Solutions (NYSE:DFIN)

Rice Hall James & Associates LLC cut its position in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 825,984 shares of the company's stock after selling 17,774 shares during the period. Donnelley Financial Solutions makes up 2.1% of Rice Hall James & Associates LLC's holdings, making the stock its 8th largest position. Rice Hall James & Associates LLC owned approximately 2.90% of Donnelley Financial Solutions worth $36,104,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DFIN. Versant Capital Management Inc boosted 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 buying an additional 493 shares during the last quarter. Quarry LP purchased a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth about $42,000. Aquatic Capital Management LLC purchased a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth about $49,000. Huntington National Bank boosted its stake in shares of Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after buying an additional 156 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth about $78,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Craig Clay sold 11,022 shares of the stock in a transaction that occurred on 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 owned 143,448 shares of the company's stock, valued at $7,750,495.44. This 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 through this hyperlink. Corporate insiders own 11.90% of the company's stock.

Analyst Ratings Changes

DFIN has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. DA Davidson restated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $64.35 on Monday. The company has a market capitalization of $1.78 billion, a P/E ratio of 21.31 and a beta of 1.06. The business's 50 day moving average is $57.80 and its two-hundred day moving average is $54.34. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a 12-month low of $37.80 and a 12-month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.54. The company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.47 million. Donnelley Financial Solutions had a return on equity of 21.80% and a net margin of 11.56%. Donnelley Financial Solutions's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.