Phocas Financial Corp. Cuts Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Phocas Financial Corp. cut its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 85.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,668 shares of the company’s stock after selling 43,434 shares during the quarter. Phocas Financial Corp.’s holdings in Donnelley Financial Solutions were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DFIN. Farther Finance Advisors LLC raised its stake in shares of Donnelley Financial Solutions by 781.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after acquiring an additional 422 shares in the last quarter. Principal Securities Inc. grew its holdings in Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after purchasing an additional 953 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Donnelley Financial Solutions during the third quarter worth $74,000. KBC Group NV lifted its holdings in shares of Donnelley Financial Solutions by 52.7% during the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock valued at $97,000 after purchasing an additional 535 shares during the last quarter. Finally, Atria Investments Inc acquired a new stake in shares of Donnelley Financial Solutions in the 3rd quarter worth $225,000. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DFIN has been the topic of several recent analyst reports. DA Davidson reduced their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC dropped their price target on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, B. Riley lowered their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Insider Transactions at Donnelley Financial Solutions

In related news, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the sale, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary G. Greenfield purchased 1,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the transaction, the director now owns 43,128 shares of the company’s stock, valued at $2,108,527.92. This represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $50.01 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The stock has a 50-day moving average of $61.95 and a two-hundred day moving average of $63.20. The stock has a market cap of $1.43 billion, a P/E ratio of 16.34 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a one year low of $47.94 and a one year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The firm had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million.

About Donnelley Financial Solutions

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).