Tidal Investments LLC Acquires New Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Tidal Investments LLC acquired a new stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 312,364 shares of the company's stock, valued at approximately $19,595,000. Tidal Investments LLC owned 1.08% of Donnelley Financial Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Choreo LLC purchased a new position in shares of Donnelley Financial Solutions in the 4th quarter worth about $265,000. New York State Common Retirement Fund raised its position in shares of Donnelley Financial Solutions by 19.1% in the 4th quarter. New York State Common Retirement Fund now owns 44,987 shares of the company's stock worth $2,822,000 after purchasing an additional 7,200 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Donnelley Financial Solutions by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock worth $23,436,000 after purchasing an additional 22,195 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Donnelley Financial Solutions by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 175,782 shares of the company's stock worth $11,027,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Donnelley Financial Solutions by 33.0% in the 3rd quarter. Barclays PLC now owns 75,359 shares of the company's stock worth $4,960,000 after purchasing an additional 18,686 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the sale, the chief executive officer now directly owns 515,191 shares in the company, valued at $25,831,676.74. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by insiders.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN traded down $0.82 during mid-day trading on Friday, reaching $53.84. The company's stock had a trading volume of 232,477 shares, compared to its average volume of 223,929. Donnelley Financial Solutions, Inc. has a 12-month low of $37.80 and a 12-month high of $71.01. The firm's fifty day moving average price is $46.66 and its two-hundred day moving average price is $54.82. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.49 billion, a P/E ratio of 17.60 and a beta of 1.04.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The business had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.47 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Donnelley Financial Solutions's revenue was down 1.1% on a year-over-year basis.

Donnelley Financial Solutions Company 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).