WINTON GROUP Ltd Invests $3.39 Million in Donnelley Financial Solutions $DFIN

WINTON GROUP Ltd acquired a new stake in Donnelley Financial Solutions (NYSE:DFIN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,884 shares of the company’s stock, valued at approximately $3,388,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Donnelley Financial Solutions by 68.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 59,064 shares of the company’s stock worth $3,038,000 after acquiring an additional 24,064 shares in the last quarter. Integrated Quantitative Investments LLC bought a new position in Donnelley Financial Solutions during the third quarter worth $964,000. Cresset Asset Management LLC boosted its holdings in Donnelley Financial Solutions by 3.4% in the third quarter. Cresset Asset Management LLC now owns 65,682 shares of the company’s stock worth $3,378,000 after purchasing an additional 2,189 shares during the period. Legato Capital Management LLC boosted its holdings in Donnelley Financial Solutions by 20.8% in the third quarter. Legato Capital Management LLC now owns 23,385 shares of the company’s stock worth $1,203,000 after purchasing an additional 4,020 shares during the period. Finally, Royce & Associates LP increased its stake in Donnelley Financial Solutions by 156.2% during the third quarter. Royce & Associates LP now owns 434,077 shares of the company’s stock valued at $22,325,000 after purchasing an additional 264,659 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DFIN. Zacks Research upgraded shares of Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. DA Davidson restated a “buy” rating and issued a $66.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, February 18th. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $57.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $61.50.

Insider Transactions 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 value of $1,017,244.80. Following the completion of the transaction, the insider owned 116,814 shares of the company’s stock, valued at approximately $5,859,390.24. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $48.17 on Wednesday. The firm’s 50 day moving average is $49.40 and its two-hundred day moving average is $49.85. The firm has a market capitalization of $1.23 billion, a P/E ratio of 45.01 and a beta of 0.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a 52 week low of $37.07 and a 52 week high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.30. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The business had revenue of $172.50 million during the quarter, compared to the consensus estimate of $155.27 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis.

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.