Quantbot Technologies LP Makes New $483,000 Investment in Donnelley Financial Solutions $DFIN

Quantbot Technologies LP purchased a new stake in shares of Donnelley Financial Solutions (NYSE:DFIN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,504 shares of the company’s stock, valued at approximately $483,000.

Several other institutional investors also recently modified their holdings of DFIN. BlackRock Inc. purchased a new position in Donnelley Financial Solutions in the 2nd quarter worth about $165,182,000. Alberta Investment Management Corp purchased a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at about $44,157,000. Rice Hall James & Associates LLC bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth approximately $32,516,000. William Blair Investment Management LLC bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth approximately $26,510,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Donnelley Financial Solutions by 1,842.6% during the second quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after purchasing an additional 562,144 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DFIN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. DA Davidson lowered their price target on 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 price target on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Wall Street Zen lowered 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 assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Donnelley Financial Solutions Trading Up 0.6%

Donnelley Financial Solutions stock opened at $48.25 on Friday. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $57.37. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 33.28 and a beta of 0.71. The firm has a 50 day moving average of $46.80 and a 200 day moving average of $45.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $224.20 million for the quarter, compared to the consensus estimate of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 earnings per share. As a group, research analysts predict that Donnelley Financial Solutions will post 4.41 earnings per share for the current 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.