Wedge Capital Management L L P NC Has $1.10 Million Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Wedge Capital Management L L P NC decreased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 23.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,094 shares of the company's stock after selling 7,879 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.09% of Donnelley Financial Solutions worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its holdings in Donnelley Financial Solutions by 197.2% in the first 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 last quarter. Quarry LP acquired a new position in Donnelley Financial Solutions during the fourth quarter worth about $42,000. Aquatic Capital Management LLC acquired a new position in shares of Donnelley Financial Solutions during the 4th quarter worth approximately $49,000. Huntington National Bank increased its holdings 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 valued at $57,000 after purchasing an additional 156 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock worth $64,000 after acquiring an additional 953 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Price Performance

Shares of DFIN traded down $0.13 during trading hours on Thursday, reaching $58.25. The company had a trading volume of 51,155 shares, compared to its average volume of 225,755. The firm has a 50 day simple moving average of $49.64 and a 200-day simple moving average of $54.34. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 19.04 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. 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 posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.54. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The firm had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.47 million. During the same period in the prior year, the firm posted $0.91 EPS. The firm's revenue was down 1.1% compared to the same quarter last year.

Insider Activity at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of the company's stock in a transaction 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 completion of the sale, the insider now owns 143,448 shares in the company, valued at $7,750,495.44. This represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DFIN shares. DA Davidson reissued a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th. Needham & Company LLC reissued a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st.

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).