11,533 Shares in Donnelley Financial Solutions $DFIN Bought by State of Wyoming

State of Wyoming purchased a new stake in shares of Donnelley Financial Solutions (NYSE:DFIN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,533 shares of the company’s stock, valued at approximately $484,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Donnelley Financial Solutions by 109.4% during the first quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after purchasing an additional 336 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Donnelley Financial Solutions in the 4th quarter worth approximately $70,000. Vestcor Inc bought a new position in Donnelley Financial Solutions in the 3rd quarter worth approximately $160,000. LSV Asset Management boosted its stake in Donnelley Financial Solutions by 117.6% in the 4th quarter. LSV Asset Management now owns 3,700 shares of the company’s stock worth $173,000 after purchasing an additional 2,000 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Donnelley Financial Solutions by 64.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock valued at $183,000 after buying an additional 1,160 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DFIN. DA Davidson lowered their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Needham & Company LLC raised their target price on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Donnelley Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Donnelley Financial Solutions Price Performance

DFIN stock opened at $47.58 on Tuesday. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $57.88. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $45.11 and a two-hundred day simple moving average of $45.73. The firm has a market capitalization of $1.17 billion, a P/E ratio of 32.81 and a beta of 0.71.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The company had revenue of $224.20 million during the quarter, compared to analyst estimates of $221.40 million. During the same quarter last year, the business posted $1.49 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.