abrdn plc Decreases Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

abrdn plc lowered its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 11.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 514,035 shares of the company's stock after selling 64,404 shares during the period. abrdn plc owned approximately 1.77% of Donnelley Financial Solutions worth $32,060,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DFIN. American Century Companies Inc. raised its holdings in shares of Donnelley Financial Solutions by 1.5% in the 3rd quarter. American Century Companies Inc. now owns 982,113 shares of the company's stock worth $55,273,000 after purchasing an additional 14,621 shares during the period. Invesco Ltd. raised its holdings in shares of Donnelley Financial Solutions by 207.4% in the 3rd quarter. Invesco Ltd. now owns 753,883 shares of the company's stock worth $42,429,000 after purchasing an additional 508,638 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Donnelley Financial Solutions by 52.0% in the 4th quarter. Boston Trust Walden Corp now owns 696,982 shares of the company's stock worth $43,471,000 after purchasing an additional 238,489 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Donnelley Financial Solutions by 2.8% in the 3rd quarter. William Blair Investment Management LLC now owns 522,002 shares of the company's stock worth $29,378,000 after purchasing an additional 14,296 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Donnelley Financial Solutions by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 326,729 shares of the company's stock worth $18,388,000 after purchasing an additional 12,831 shares during the period. Institutional investors and hedge funds own 93.84% of the company's stock.

Donnelley Financial Solutions Price Performance

Shares of Donnelley Financial Solutions stock traded up $1.49 during trading on Tuesday, hitting $65.41. The stock had a trading volume of 162,208 shares, compared to its average volume of 181,127. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 24.09 and a beta of 1.50. Donnelley Financial Solutions, Inc. has a 12 month low of $40.73 and a 12 month high of $66.00. The business's 50-day moving average is $62.39 and its 200 day moving average is $60.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31.

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

Insider Buying and Selling

In related news, Director Luis A. Aguilar sold 3,047 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the transaction, the director now directly owns 58,594 shares in the company, valued at $3,740,640.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.84, for a total transaction of $194,520.48. Following the completion of the sale, the director now directly owns 58,594 shares in the company, valued at $3,740,640.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel Leib sold 33,122 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the sale, the chief executive officer now owns 524,352 shares of the company's stock, valued at $33,752,538.24. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson raised shares of Donnelley Financial Solutions from a "neutral" rating to a "buy" rating and boosted their target price for the company from $60.00 to $72.00 in a report on Friday, April 12th. Needham & Company LLC boosted their target price on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, February 21st.

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).