William Blair Investment Management LLC Has $23.57 Million Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

William Blair Investment Management LLC increased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 375,729 shares of the company’s stock after purchasing an additional 53,665 shares during the period. William Blair Investment Management LLC owned approximately 1.30% of Donnelley Financial Solutions worth $23,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its stake in Donnelley Financial Solutions by 1,537.1% during 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 period. Point72 DIFC Ltd bought a new position in Donnelley Financial Solutions during the 3rd quarter worth $74,000. Smartleaf Asset Management LLC increased its stake in Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock worth $73,000 after acquiring an additional 987 shares during the period. KBC Group NV increased its stake in Donnelley Financial Solutions by 52.7% during the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after acquiring an additional 535 shares during the period. Finally, Vestcor Inc bought a new position in Donnelley Financial Solutions during the 4th quarter worth $121,000. Institutional investors own 93.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DFIN shares. DA Davidson lowered their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC decreased their price target on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 515,191 shares of the company’s stock, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary G. Greenfield acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at $2,108,527.92. This represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

Donnelley Financial Solutions Trading Up 1.7 %

Shares of DFIN opened at $44.55 on Wednesday. Donnelley Financial Solutions, Inc. has a 52-week low of $41.76 and a 52-week high of $71.01. The business’s fifty day moving average is $57.41 and its 200-day moving average is $61.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 14.56 and a beta of 1.44.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The firm had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million.

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).