Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 22.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,395 shares of the company’s stock after purchasing an additional 3,717 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Donnelley Financial Solutions worth $1,279,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Donnelley Financial Solutions by 106.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after buying an additional 9,197 shares in the last quarter. Choreo LLC bought a new stake in Donnelley Financial Solutions during the 4th quarter worth approximately $265,000. World Investment Advisors LLC purchased a new stake in Donnelley Financial Solutions in the 3rd quarter worth approximately $719,000. Harbor Capital Advisors Inc. bought a new position in Donnelley Financial Solutions in the 4th quarter valued at $2,264,000. Finally, Jane Street Group LLC grew its position in shares of Donnelley Financial Solutions by 608.0% during the 3rd quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock valued at $4,406,000 after purchasing an additional 57,477 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DFIN. DA Davidson dropped their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC dropped 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.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. The trade was a 4.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary G. Greenfield acquired 1,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $45.15 on Thursday. Donnelley Financial Solutions, Inc. has a one year low of $41.76 and a one year high of $71.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.76 and a beta of 1.44. The company’s fifty day moving average price is $57.41 and its 200-day moving average price is $61.18.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The firm had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

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).