Rice Hall James & Associates LLC Cuts Holdings in Donnelley Financial Solutions (NYSE:DFIN)

Rice Hall James & Associates LLC lowered its position in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 825,984 shares of the company's stock after selling 17,774 shares during the quarter. Donnelley Financial Solutions accounts for approximately 2.1% of Rice Hall James & Associates LLC's investment portfolio, 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.

Several other institutional investors and hedge funds also recently made changes to their positions in DFIN. Versant Capital Management Inc increased its position in Donnelley Financial Solutions by 197.2% during the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after purchasing an additional 493 shares during the period. Quarry LP acquired a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $42,000. Aquatic Capital Management LLC acquired a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $49,000. Huntington National Bank increased its position in Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock valued at $57,000 after purchasing an additional 156 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds own 93.84% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

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 transaction, the insider directly owned 143,448 shares in the company, valued at approximately $7,750,495.44. This represents a 7.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Trading Up 0.8%

Shares of Donnelley Financial Solutions stock traded up $0.50 on Thursday, reaching $61.97. 206,817 shares of the company's stock were exchanged, compared to its average volume of 234,636. The company has a market capitalization of $1.71 billion, a P/E ratio of 20.52 and a beta of 1.06. Donnelley Financial Solutions has a 52 week low of $37.80 and a 52 week high of $71.01. The firm's 50-day moving average is $58.57 and its two-hundred day moving average is $54.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted 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 firm had revenue of $201.10 million for the quarter, compared to analysts' expectations of $194.47 million. Donnelley Financial Solutions had a return on equity of 21.80% and a net margin of 11.56%. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS.

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).