Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC increased its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 0.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 445,815 shares of the company’s stock after acquiring an additional 3,416 shares during the period. William Blair Investment Management LLC’s holdings in Donnelley Financial Solutions were worth $27,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC raised its position in shares of Donnelley Financial Solutions by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock valued at $309,000 after purchasing an additional 345 shares in the last quarter. Inspire Investing LLC raised its position in shares of Donnelley Financial Solutions by 9.9% in the 1st quarter. Inspire Investing LLC now owns 20,254 shares of the company’s stock valued at $1,256,000 after purchasing an additional 1,822 shares in the last quarter. Swiss National Bank raised its position in shares of Donnelley Financial Solutions by 5.1% in the 1st quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $3,206,000 after purchasing an additional 2,500 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Donnelley Financial Solutions in the 1st quarter valued at approximately $808,000. Finally, Empowered Funds LLC acquired a new position in shares of Donnelley Financial Solutions in the 1st quarter valued at approximately $6,041,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DFIN. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Wednesday, May 1st. B. Riley boosted their price target on Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $60.00 to $72.00 in a report on Friday, April 12th.

Donnelley Financial Solutions Price Performance

Shares of NYSE DFIN opened at $65.08 on Thursday. Donnelley Financial Solutions, Inc. has a twelve month low of $46.04 and a twelve month high of $66.21. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 19.84 and a beta of 1.41. The business has a 50 day simple moving average of $60.30 and a 200-day simple moving average of $61.63.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.25. Donnelley Financial Solutions had a return on equity of 24.68% and a net margin of 12.43%. The business had revenue of $203.40 million during the quarter, compared to the consensus estimate of $214.10 million. As a group, equities research analysts expect that Donnelley Financial Solutions, Inc. will post 3.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Daniel Leib sold 30,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $62.67, for a total transaction of $1,880,100.00. Following the completion of the transaction, the chief executive officer now directly owns 545,191 shares in the company, valued at approximately $34,167,119.97. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Daniel Leib sold 30,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $62.67, for a total transaction of $1,880,100.00. Following the completion of the transaction, the chief executive officer now directly owns 545,191 shares in the company, valued at approximately $34,167,119.97. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Clay sold 5,698 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the transaction, the insider now owns 148,748 shares of the company’s stock, valued at $9,820,342.96. The disclosure for this sale can be found here. Insiders sold a total of 570,899 shares of company stock worth $35,323,127 in the last three months. 11.90% of the stock is owned by insiders.

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).