Legato Capital Management LLC Has $1.26 Million Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Legato Capital Management LLC increased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,030 shares of the company’s stock after purchasing an additional 2,950 shares during the quarter. Legato Capital Management LLC owned approximately 0.07% of Donnelley Financial Solutions worth $1,256,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its holdings in Donnelley Financial Solutions by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 6,236 shares of the company’s stock valued at $411,000 after purchasing an additional 310 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Donnelley Financial Solutions by 4.4% during the third quarter. Ellsworth Advisors LLC now owns 9,824 shares of the company’s stock worth $647,000 after purchasing an additional 415 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Donnelley Financial Solutions by 16.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 159,590 shares of the company’s stock valued at $10,506,000 after buying an additional 22,390 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Donnelley Financial Solutions by 48.2% in the third quarter. Assenagon Asset Management S.A. now owns 42,287 shares of the company’s stock valued at $2,784,000 after buying an additional 13,757 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Donnelley Financial Solutions by 3.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $849,000 after buying an additional 400 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DFIN shares. B. Riley dropped their target price on shares of 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. Needham & Company LLC restated a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, January 15th.

Donnelley Financial Solutions Price Performance

Shares of DFIN stock opened at $65.57 on Thursday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 20.49 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 12 month low of $56.02 and a 12 month high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $63.06 and a 200 day moving average price of $63.79.

Insider Activity

In other news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.

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).