Federated Hermes Inc. Buys 22,826 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Federated Hermes Inc. boosted its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 456,520.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,831 shares of the company’s stock after purchasing an additional 22,826 shares during the quarter. Federated Hermes Inc.’s holdings in Donnelley Financial Solutions were worth $1,361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. lifted its stake in shares of Donnelley Financial Solutions by 3.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after buying an additional 68,908 shares during the last quarter. American Century Companies Inc. raised its holdings in Donnelley Financial Solutions by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after acquiring an additional 152,867 shares during the period. William Blair Investment Management LLC lifted its position in Donnelley Financial Solutions by 0.8% during the 1st quarter. William Blair Investment Management LLC now owns 445,815 shares of the company’s stock worth $27,645,000 after acquiring an additional 3,416 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Donnelley Financial Solutions by 1,178.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after acquiring an additional 302,957 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Donnelley Financial Solutions by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 328,050 shares of the company’s stock valued at $20,460,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insider Transactions at Donnelley Financial Solutions

In other news, insider Craig Clay sold 400 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.10, for a total transaction of $26,440.00. Following the sale, the insider now directly owns 148,348 shares in the company, valued at $9,805,802.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Craig Clay sold 400 shares of Donnelley Financial Solutions stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $66.10, for a total transaction of $26,440.00. Following the sale, the insider now directly owns 148,348 shares in the company, valued at approximately $9,805,802.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel Leib sold 2,881 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares in the company, valued at approximately $36,262,234.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,744 shares of company stock valued at $14,512,108. 11.90% of the stock is owned by corporate insiders.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $67.00 on Friday. The company’s fifty day moving average is $65.82 and its two-hundred day moving average is $62.76. Donnelley Financial Solutions, Inc. has a 52-week low of $50.75 and a 52-week high of $71.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 20.43 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. The business had revenue of $242.70 million for the quarter, compared to the consensus estimate of $247.70 million. Equities research analysts forecast that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DFIN. Needham & Company LLC boosted their price objective on Donnelley Financial Solutions from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. DA Davidson upped their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

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).