Donnelley Financial Solutions $DFIN Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in Donnelley Financial Solutions (NYSE:DFIN) by 30.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 32,146 shares of the company’s stock after selling 14,364 shares during the period. First Trust Advisors LP’s holdings in Donnelley Financial Solutions were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. UBS Group AG raised its position in Donnelley Financial Solutions by 188.1% in the 4th quarter. UBS Group AG now owns 134,365 shares of the company’s stock valued at $6,274,000 after purchasing an additional 87,730 shares during the last quarter. William Blair Investment Management LLC grew its position in Donnelley Financial Solutions by 8.6% during the 4th quarter. William Blair Investment Management LLC now owns 518,833 shares of the company’s stock worth $24,224,000 after purchasing an additional 40,968 shares during the last quarter. Royce & Associates LP grew its position in Donnelley Financial Solutions by 36.0% during the 4th quarter. Royce & Associates LP now owns 590,136 shares of the company’s stock worth $27,553,000 after purchasing an additional 156,059 shares during the last quarter. Fifth Third Bancorp increased its stake in Donnelley Financial Solutions by 13,834.6% in the first quarter. Fifth Third Bancorp now owns 21,738 shares of the company’s stock valued at $1,025,000 after purchasing an additional 21,582 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Donnelley Financial Solutions in the first quarter valued at $556,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $47.27 on Monday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 32.60 and a beta of 0.71. The stock has a 50 day simple moving average of $43.98 and a 200-day simple moving average of $45.98. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $58.45. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The firm had revenue of $224.20 million for the quarter, compared to the consensus estimate of $221.40 million. During the same period in the previous year, the business earned $1.49 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Donnelley Financial Solutions will post 4.46 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DFIN shares. DA Davidson decreased their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Needham & Company LLC boosted their price target on Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Donnelley Financial Solutions has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Donnelley Financial Solutions Profile

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.