Wedge Capital Management L L P NC Has $4.34 Million Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Wedge Capital Management L L P NC trimmed its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 10.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,630 shares of the company’s stock after selling 8,036 shares during the period. Wedge Capital Management L L P NC’s holdings in Donnelley Financial Solutions were worth $4,343,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DFIN. SG Americas Securities LLC bought a new position in Donnelley Financial Solutions in the 3rd quarter valued at $310,000. Exchange Traded Concepts LLC purchased a new stake in Donnelley Financial Solutions during the 3rd quarter worth about $429,000. Boston Trust Walden Corp purchased a new stake in Donnelley Financial Solutions during the 3rd quarter worth about $25,804,000. Ellsworth Advisors LLC purchased a new stake in Donnelley Financial Solutions during the 3rd quarter worth about $448,000. Finally, Assetmark Inc. lifted its holdings in Donnelley Financial Solutions by 1.2% during the 3rd quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after purchasing an additional 398 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $65.06 on Thursday. The business has a 50 day moving average of $62.46 and a 200 day moving average of $60.16. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 24.01 and a beta of 1.50. Donnelley Financial Solutions, Inc. has a 1-year low of $40.73 and a 1-year high of $66.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $176.50 million during the quarter, compared to the consensus estimate of $169.35 million. Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, sell-side analysts predict that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Needham & Company LLC increased their price objective on Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $72.00 in a research report on Friday, April 12th.

Insider Buying and Selling

In related news, CEO Daniel Leib sold 33,122 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the completion of the sale, the chief executive officer now owns 524,352 shares in the company, valued at approximately $33,752,538.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total value of $194,520.48. Following the transaction, the director now directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the completion of the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at $33,752,538.24. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

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).