Janney Montgomery Scott LLC cut its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN – Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,474 shares of the company’s stock after selling 1,033 shares during the period. Janney Montgomery Scott LLC owned 0.19% of Donnelley Financial Solutions worth $3,480,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in DFIN. O Keefe Stevens Advisory Inc. increased its holdings in shares of Donnelley Financial Solutions by 1.4% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 223,296 shares of the company’s stock worth $14,007,000 after purchasing an additional 2,978 shares during the period. Harbor Capital Advisors Inc. bought a new position in Donnelley Financial Solutions in the fourth quarter worth $2,264,000. JPMorgan Chase & Co. boosted its stake in Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after buying an additional 46,273 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Donnelley Financial Solutions in the 3rd quarter valued at $719,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Donnelley Financial Solutions by 11.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,827 shares of the company’s stock worth $666,000 after acquiring an additional 1,073 shares during the period. 93.84% of the stock is currently owned by institutional investors.
Donnelley Financial Solutions Trading Up 1.2 %
Shares of Donnelley Financial Solutions stock opened at $67.02 on Friday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 20.94 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $61.81 and a 200 day simple moving average of $63.74.
Insider Activity at Donnelley Financial Solutions
In related news, CFO David A. Gardella sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the transaction, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the transaction, the director now owns 774,165 shares in the company, valued at $45,265,427.55. The trade was a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.
Analyst Upgrades and Downgrades
DFIN has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 15th. B. Riley dropped their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.
View Our Latest Stock Analysis on DFIN
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).
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