Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stake Reduced by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 30.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,296 shares of the company’s stock after selling 22,939 shares during the period. Seizert Capital Partners LLC’s holdings in Donnelley Financial Solutions were worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position 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 acquiring an additional 57,477 shares during the period. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 46,273 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Donnelley Financial Solutions during the 4th quarter worth $2,264,000. Charles Schwab Investment Management Inc. boosted its position in Donnelley Financial Solutions by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company’s stock worth $23,436,000 after acquiring an additional 22,195 shares during the period. Finally, Geode Capital Management LLC boosted its position in Donnelley Financial Solutions by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after acquiring an additional 20,652 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Down 2.8 %

Shares of Donnelley Financial Solutions stock opened at $46.21 on Wednesday. The stock’s fifty day moving average is $60.99 and its 200-day moving average is $62.77. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.10 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. has a 12-month low of $46.10 and a 12-month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last announced its 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 for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Insider Activity at Donnelley Financial Solutions

In related news, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the transaction, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel Leib sold 25,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on DFIN. Needham & Company LLC reduced their price target on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. 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 report on Tuesday, November 5th. Finally, DA Davidson cut their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

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).