Vestcor Inc Makes New Investment in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Vestcor Inc purchased a new position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,933 shares of the company’s stock, valued at approximately $121,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DFIN. Raymond James Financial Inc. bought a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth about $10,373,000. Jane Street Group LLC raised its holdings in shares of Donnelley Financial Solutions by 608.0% in the 3rd quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after purchasing an additional 57,477 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Donnelley Financial Solutions by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after purchasing an additional 46,273 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $2,264,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Donnelley Financial Solutions by 556.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,661 shares of the company’s stock worth $2,362,000 after purchasing an additional 31,926 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Insider Transactions at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield acquired 1,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost 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 approximately $2,108,527.92. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the transaction, the chief executive officer now directly owns 515,191 shares in the company, valued at $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DFIN has been the topic of a number of research reports. DA Davidson dropped their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC dropped their target price on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $44.55 on Wednesday. The firm’s 50 day simple moving average is $57.41 and its 200-day simple moving average is $61.18. The company has a market cap of $1.27 billion, a P/E ratio of 14.56 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. Donnelley Financial Solutions, Inc. has a fifty-two week low of $41.76 and a fifty-two week high of $71.01.

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

Donnelley Financial Solutions 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).