Wedge Capital Management L L P NC Trims Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Wedge Capital Management L L P NC reduced its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 23.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,094 shares of the company’s stock after selling 7,879 shares during the quarter. Wedge Capital Management L L P NC owned 0.09% of Donnelley Financial Solutions worth $1,097,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. O Keefe Stevens Advisory Inc. increased its position in shares of Donnelley Financial Solutions by 2.7% in the first quarter. O Keefe Stevens Advisory Inc. now owns 229,410 shares of the company’s stock valued at $10,028,000 after buying an additional 6,114 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Donnelley Financial Solutions by 9,314.6% in the first quarter. GAMMA Investing LLC now owns 12,239 shares of the company’s stock valued at $535,000 after buying an additional 12,109 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Donnelley Financial Solutions by 197.2% in the first quarter. Versant Capital Management Inc now owns 743 shares of the company’s stock valued at $32,000 after buying an additional 493 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Donnelley Financial Solutions by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,280 shares of the company’s stock valued at $6,291,000 after buying an additional 15,873 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Donnelley Financial Solutions by 66.8% in the fourth quarter. Voloridge Investment Management LLC now owns 48,066 shares of the company’s stock valued at $3,015,000 after buying an additional 19,245 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Craig Clay sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the completion of the sale, the insider now directly owns 143,448 shares of the company’s stock, valued at $7,750,495.44. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Donnelley Financial Solutions Price Performance

DFIN stock opened at $57.60 on Wednesday. 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 $1.59 billion, a P/E ratio of 18.82 and a beta of 1.04. The business’s 50-day moving average is $49.27 and its two-hundred day moving average is $54.31. Donnelley Financial Solutions, Inc. has a 1 year low of $37.80 and a 1 year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The business had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.47 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis.

Analysts Set New Price Targets

Several analysts recently commented on DFIN shares. DA Davidson reiterated a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st.

Donnelley Financial Solutions Company 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).