Shapiro Capital Management LLC Takes $11.38 Million Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Shapiro Capital Management LLC purchased a new stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 181,436 shares of the company's stock, valued at approximately $11,381,000. Shapiro Capital Management LLC owned approximately 0.63% of Donnelley Financial Solutions as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank grew its position in Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after buying an additional 156 shares in the last quarter. Inspire Investing LLC lifted its stake in Donnelley Financial Solutions by 2.8% during the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock worth $402,000 after purchasing an additional 177 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Donnelley Financial Solutions by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after purchasing an additional 182 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Donnelley Financial Solutions by 3.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock worth $752,000 after purchasing an additional 387 shares during the last quarter. Finally, KBC Group NV lifted its stake in Donnelley Financial Solutions by 52.7% during the fourth quarter. KBC Group NV now owns 1,550 shares of the company's stock worth $97,000 after purchasing an additional 535 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the company'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 value of $1,253,500.00. Following the sale, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. This represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary G. Greenfield acquired 1,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now directly owns 43,128 shares in the company, valued at $2,108,527.92. This represents a 2.37% increase in their position. The disclosure for this purchase can be found here. 4.30% of the stock is owned by company insiders.

Donnelley Financial Solutions Trading Up 1.6%

NYSE DFIN opened at $55.30 on Friday. Donnelley Financial Solutions, Inc. has a 1-year low of $37.80 and a 1-year high of $71.01. 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 50-day moving average of $45.37 and a 200-day moving average of $55.06. The firm has a market cap of $1.53 billion, a PE ratio of 18.07 and a beta of 1.04.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, beating 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 company 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 company posted $0.91 EPS. Donnelley Financial Solutions's revenue for the quarter was down 1.1% on a year-over-year basis.

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).

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