Assenagon Asset Management S.A. Buys Shares of 35,936 Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assenagon Asset Management S.A. bought a new position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,936 shares of the company's stock, valued at approximately $2,241,000. Assenagon Asset Management S.A. owned about 0.12% of Donnelley Financial Solutions as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth $28,000. Pinebridge Investments L.P. bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth $30,000. Quantbot Technologies LP bought a new stake in shares of Donnelley Financial Solutions in the third quarter worth $40,000. Tower Research Capital LLC TRC grew its stake in shares of Donnelley Financial Solutions by 65.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company's stock worth $62,000 after purchasing an additional 660 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Donnelley Financial Solutions by 102.5% in the second quarter. US Bancorp DE now owns 1,395 shares of the company's stock worth $64,000 after purchasing an additional 706 shares during the last quarter. Institutional investors own 93.84% of the company's stock.

Donnelley Financial Solutions Stock Performance

NYSE DFIN traded down $0.31 during trading hours on Thursday, hitting $60.52. 136,168 shares of the company's stock traded hands, compared to its average volume of 187,046. The business's fifty day moving average price is $62.84 and its two-hundred day moving average price is $59.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.76 billion, a P/E ratio of 22.33 and a beta of 1.50. Donnelley Financial Solutions, Inc. has a 52 week low of $40.10 and a 52 week high of $66.00.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.01). The company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $169.35 million. Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. Donnelley Financial Solutions's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. Equities research analysts predict that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

Insider Activity

In related news, Director Luis A. Aguilar sold 3,047 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the transaction, the director now owns 58,594 shares of the company's stock, valued at approximately $3,740,640.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Daniel Leib sold 33,122 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $64.37, for a total value of $2,132,063.14. Following the transaction, the chief executive officer now owns 524,352 shares of the company's stock, valued at approximately $33,752,538.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Luis A. Aguilar sold 3,047 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the completion of the transaction, the director now directly owns 58,594 shares in the company, valued at approximately $3,740,640.96. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. DA Davidson upped their target price on shares of Donnelley Financial Solutions from $54.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, January 12th. Needham & Company LLC increased their target price on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st.

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).