Legato Capital Management LLC Trims Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Legato Capital Management LLC decreased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,629 shares of the company’s stock after selling 199 shares during the period. Legato Capital Management LLC’s holdings in Donnelley Financial Solutions were worth $574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. boosted its position in shares of Donnelley Financial Solutions by 47.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock worth $126,637,000 after purchasing an additional 657,835 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Donnelley Financial Solutions by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 445,815 shares of the company’s stock worth $27,645,000 after purchasing an additional 3,416 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Donnelley Financial Solutions by 1,178.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock worth $20,381,000 after purchasing an additional 302,957 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Donnelley Financial Solutions by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 328,050 shares of the company’s stock worth $20,460,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Access Investment Management LLC bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $13,606,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

DFIN stock opened at $66.24 on Wednesday. The stock has a market capitalization of $1.94 billion, a PE ratio of 20.20 and a beta of 1.41. Donnelley Financial Solutions, Inc. has a 12-month low of $47.04 and a 12-month high of $71.01. The company has a current ratio of 1.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $63.00 and its 200 day simple moving average is $62.32.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.08. The business had revenue of $242.70 million for the quarter, compared to analysts’ expectations of $247.70 million. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. As a group, research analysts forecast that Donnelley Financial Solutions, Inc. will post 3.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. DA Davidson boosted their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC upped their price objective on Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 54,835 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $59.93, for a total transaction of $3,286,261.55. Following the completion of the sale, the director now directly owns 1,338,150 shares in the company, valued at approximately $80,195,329.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 54,835 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $59.93, for a total transaction of $3,286,261.55. Following the completion of the sale, the director now directly owns 1,338,150 shares in the company, valued at approximately $80,195,329.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Eric J. Johnson sold 16,757 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $58.34, for a total transaction of $977,603.38. Following the sale, the insider now owns 138,338 shares of the company’s stock, valued at $8,070,638.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,444 shares of company stock worth $8,395,573. Insiders own 11.90% of the company’s stock.

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).