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

Bridges Investment Management Inc. bought a new position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 6,029 shares of the company’s stock, valued at approximately $359,000.

Several other hedge funds have also recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new stake in Donnelley Financial Solutions during the second quarter worth approximately $984,000. Intech Investment Management LLC bought a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $578,000. MQS Management LLC raised its holdings in Donnelley Financial Solutions by 29.8% during the 2nd quarter. MQS Management LLC now owns 6,031 shares of the company’s stock valued at $360,000 after buying an additional 1,386 shares during the period. Hsbc Holdings PLC lifted its position in Donnelley Financial Solutions by 39.6% in the second quarter. Hsbc Holdings PLC now owns 19,902 shares of the company’s stock worth $1,177,000 after buying an additional 5,643 shares during the last quarter. Finally, SkyOak Wealth LLC bought a new stake in Donnelley Financial Solutions in the second quarter worth $300,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Eric J. Johnson sold 8,823 shares of Donnelley Financial Solutions stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $62.77, for a total transaction of $553,819.71. Following the completion of the sale, the insider now owns 124,186 shares of the company’s stock, valued at $7,795,155.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 value of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at $36,262,234.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric J. Johnson sold 8,823 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $62.77, for a total transaction of $553,819.71. Following the transaction, the insider now owns 124,186 shares in the company, valued at $7,795,155.22. The disclosure for this sale can be found here. Insiders have sold 213,744 shares of company stock worth $14,512,108 in the last three months. Corporate insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DFIN shares. DA Davidson increased their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC increased their price objective on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Donnelley Financial Solutions Price Performance

DFIN opened at $67.00 on Friday. The business has a fifty day moving average of $65.82 and a 200 day moving average of $62.74. The stock has a market cap of $1.96 billion, a P/E ratio of 20.43 and a beta of 1.36. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.41. Donnelley Financial Solutions, Inc. has a 52-week low of $50.75 and a 52-week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. The firm had revenue of $242.70 million during the quarter, compared to analyst estimates of $247.70 million. Donnelley Financial Solutions had a net margin of 13.22% and a return on equity of 25.45%. As a group, sell-side analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current year.

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).