Rice Hall James & Associates LLC Purchases Shares of 775,119 Donnelley Financial Solutions $DFIN

Rice Hall James & Associates LLC purchased a new stake in Donnelley Financial Solutions (NYSE:DFIN) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 775,119 shares of the company’s stock, valued at approximately $32,516,000. Donnelley Financial Solutions accounts for approximately 1.6% of Rice Hall James & Associates LLC’s holdings, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DFIN. Blue Trust Inc. lifted its position in shares of Donnelley Financial Solutions by 109.4% during the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after buying an additional 336 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Donnelley Financial Solutions in the 4th quarter valued at $70,000. BNP Paribas Financial Markets grew its position in shares of Donnelley Financial Solutions by 64.0% in 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 during the last quarter. Vestcor Inc acquired a new stake in Donnelley Financial Solutions during the 3rd quarter worth $160,000. Finally, Tower Research Capital LLC TRC raised its stake in Donnelley Financial Solutions by 130.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,458 shares of the company’s stock worth $213,000 after acquiring an additional 1,955 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 2.9%

Shares of Donnelley Financial Solutions stock opened at $47.58 on Tuesday. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $57.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $1.17 billion, a P/E ratio of 32.81 and a beta of 0.71. The company’s fifty day moving average is $45.11 and its two-hundred day moving average is $45.73.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. DA Davidson reduced their target price on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company 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, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

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.