Wedge Capital Management L L P NC Sells 8,036 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Wedge Capital Management L L P NC reduced its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,630 shares of the company’s stock after selling 8,036 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.24% of Donnelley Financial Solutions worth $4,343,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Donnelley Financial Solutions in the third quarter valued at $40,000. Nkcfo LLC bought a new position in shares of Donnelley Financial Solutions in the third quarter valued at $141,000. Arlington Trust Co LLC bought a new position in shares of Donnelley Financial Solutions in the fourth quarter valued at $173,000. SG Americas Securities LLC bought a new position in shares of Donnelley Financial Solutions in the third quarter valued at $310,000. Finally, Pathstone Family Office LLC bought a new position in shares of Donnelley Financial Solutions in the third quarter valued at $337,000. 93.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DFIN shares. DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $72.00 in a research note on Friday, April 12th. Needham & Company LLC raised their price target on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 21st.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the sale, the chief executive officer now owns 524,352 shares of the company’s stock, valued at $33,752,538.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Luis A. Aguilar sold 3,047 shares of Donnelley Financial Solutions stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the completion of the sale, the director now owns 58,594 shares of the company’s stock, valued at $3,740,640.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the sale, the chief executive officer now directly owns 524,352 shares of the company’s stock, valued at approximately $33,752,538.24. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Down 0.5 %

Shares of Donnelley Financial Solutions stock opened at $65.06 on Thursday. The business has a fifty day simple moving average of $62.46 and a two-hundred day simple moving average of $60.16. Donnelley Financial Solutions, Inc. has a 1 year low of $40.73 and a 1 year high of $66.21. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 24.01 and a beta of 1.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The business had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. During the same period in the prior year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts forecast that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

Donnelley Financial Solutions Company Profile

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).