Donnelley Financial Solutions $DFIN Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in shares of Donnelley Financial Solutions (NYSE:DFIN) by 74.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,931 shares of the company’s stock after selling 14,552 shares during the quarter. Voya Investment Management LLC’s holdings in Donnelley Financial Solutions were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake in shares of Donnelley Financial Solutions by 1,107.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock worth $31,000 after buying an additional 465 shares during the period. CWM LLC lifted its holdings in Donnelley Financial Solutions by 53.7% during the second quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after purchasing an additional 241 shares in the last quarter. Huntington National Bank grew its position in shares of Donnelley Financial Solutions by 48.5% in the second quarter. Huntington National Bank now owns 1,584 shares of the company’s stock valued at $98,000 after purchasing an additional 517 shares during the period. BNP Paribas Financial Markets grew its position in shares of Donnelley Financial Solutions by 64.0% in the second quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock valued at $183,000 after purchasing an additional 1,160 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Donnelley Financial Solutions during the second quarter worth about $201,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DFIN. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. DA Davidson set a $70.00 price objective on Donnelley Financial Solutions in a research note on Friday, October 24th. Needham & Company LLC dropped their target price on shares of Donnelley Financial Solutions from $72.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, October 30th. CJS Securities raised shares of Donnelley Financial Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $47.72 on Tuesday. The firm has a 50 day simple moving average of $46.51 and a 200-day simple moving average of $53.01. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 45.44 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. Donnelley Financial Solutions has a 1-year low of $37.80 and a 1-year high of $69.93.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.29. Donnelley Financial Solutions had a return on equity of 22.46% and a net margin of 4.33%.The company had revenue of $175.30 million during the quarter, compared to analyst estimates of $169.70 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year.

About Donnelley Financial Solutions

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.