Marathon Asset Management Ltd Sells 13,230 Shares of Donnelley Financial Solutions $DFIN

Marathon Asset Management Ltd trimmed its holdings in Donnelley Financial Solutions (NYSE:DFIN) by 8.9% in the 4th quarter, Holdings Channel reports. The fund owned 136,182 shares of the company’s stock after selling 13,230 shares during the quarter. Marathon Asset Management Ltd’s holdings in Donnelley Financial Solutions were worth $6,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Simcoe Capital Management LLC boosted its position in shares of Donnelley Financial Solutions by 14.4% in the third quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock valued at $61,057,000 after acquiring an additional 149,455 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Donnelley Financial Solutions in the third quarter valued at approximately $621,000. Alberta Investment Management Corp boosted its position in shares of Donnelley Financial Solutions by 75.0% in the third quarter. Alberta Investment Management Corp now owns 350,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 150,000 shares during the period. Vanguard Group Inc. boosted its position in shares of Donnelley Financial Solutions by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after acquiring an additional 49,875 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Donnelley Financial Solutions by 8.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company’s stock valued at $63,634,000 after acquiring an additional 91,494 shares during the period. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $38.51 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a fifty day moving average price of $47.07 and a two-hundred day moving average price of $47.68. Donnelley Financial Solutions has a 52-week low of $37.07 and a 52-week high of $66.25. The firm has a market capitalization of $961.98 million, a P/E ratio of 29.85 and a beta of 0.83.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. The firm had revenue of $205.50 million during the quarter, compared to analyst estimates of $204.80 million. Donnelley Financial Solutions had a return on equity of 24.80% and a net margin of 4.52%.The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 earnings per share. As a group, analysts anticipate that Donnelley Financial Solutions will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DFIN shares. Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson reduced their price objective on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.50.

Insider Activity at Donnelley Financial Solutions

In other news, insider Eric J. Johnson sold 20,280 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.16, for a total transaction of $1,017,244.80. Following the sale, the insider owned 116,814 shares in the company, valued at approximately $5,859,390.24. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Donnelley Financial Solutions 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.