Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 186,165 shares of the company’s stock after selling 16,124 shares during the period. Alberta Investment Management Corp’s holdings in Donnelley Financial Solutions were worth $11,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd raised its holdings in Donnelley Financial Solutions by 106.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after purchasing an additional 9,197 shares during the period. World Investment Advisors LLC purchased a new stake in Donnelley Financial Solutions during the 3rd quarter worth approximately $719,000. Harbor Capital Advisors Inc. purchased a new stake in Donnelley Financial Solutions during the 4th quarter worth approximately $2,264,000. JPMorgan Chase & Co. increased its stake in Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after buying an additional 46,273 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Donnelley Financial Solutions by 608.0% during the 3rd quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after buying an additional 57,477 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DFIN. Needham & Company LLC cut their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday. B. Riley cut their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Insider Activity

In related news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the transaction, the chief financial officer now directly owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Price Performance

DFIN stock opened at $48.50 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day simple moving average of $62.95 and a 200-day simple moving average of $63.54. The firm has a market capitalization of $1.40 billion, a PE ratio of 15.16 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 1 year low of $47.94 and a 1 year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The company had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%.

Donnelley Financial Solutions 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).