Renaissance Technologies LLC Purchases 12,500 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Renaissance Technologies LLC increased its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 328.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,300 shares of the company's stock after purchasing an additional 12,500 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of Donnelley Financial Solutions worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company's stock worth $29,906,000 after buying an additional 46,273 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Donnelley Financial Solutions by 16.7% in the fourth quarter. William Blair Investment Management LLC now owns 375,729 shares of the company's stock worth $23,569,000 after purchasing an additional 53,665 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Donnelley Financial Solutions by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock valued at $23,436,000 after purchasing an additional 22,195 shares in the last quarter. O Keefe Stevens Advisory Inc. grew its stake in Donnelley Financial Solutions by 1.4% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 223,296 shares of the company's stock worth $14,007,000 after buying an additional 2,978 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings 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 buying an additional 1,350 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 25,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 515,191 shares of the company's stock, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary G. Greenfield purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now directly owns 43,128 shares of the company's stock, valued at $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.30% of the stock is currently owned by corporate insiders.

Donnelley Financial Solutions Trading Up 0.4 %

NYSE DFIN traded up $0.19 during trading on Tuesday, hitting $51.98. 233,667 shares of the company's stock traded hands, compared to its average volume of 222,444. The firm has a market cap of $1.44 billion, a P/E ratio of 16.99 and a beta of 1.04. The stock has a fifty day moving average of $44.37 and a two-hundred day moving average of $55.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. 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 results on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.54. The business had revenue of $201.10 million for the quarter, compared to analyst estimates of $194.47 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. Donnelley Financial Solutions's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS.

Wall Street Analyst Weigh In

A number of research firms recently commented on DFIN. DA Davidson reissued a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research report 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).