1,239 Shares in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,239 shares of the company’s stock, valued at approximately $78,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Donnelley Financial Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock valued at $69,826,000 after acquiring an additional 4,279 shares during the last quarter. Geode Capital Management LLC increased its stake in Donnelley Financial Solutions by 3.6% during the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock valued at $39,061,000 after purchasing an additional 20,652 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 46,273 shares during the period. William Blair Investment Management LLC lifted its position in shares of Donnelley Financial Solutions by 16.7% in the 4th quarter. William Blair Investment Management LLC now owns 375,729 shares of the company’s stock worth $23,569,000 after buying an additional 53,665 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Donnelley Financial Solutions by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company’s stock valued at $23,436,000 after buying an additional 22,195 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DFIN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, March 28th. DA Davidson cut their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th.

Insider Activity at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the sale, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary G. Greenfield bought 1,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now directly owns 43,128 shares of the company’s stock, valued at $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Up 0.6 %

DFIN stock opened at $43.96 on Wednesday. The firm’s 50-day moving average is $54.58 and its two-hundred day moving average is $59.84. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 14.37 and a beta of 1.44. Donnelley Financial Solutions, Inc. has a 52 week low of $41.76 and a 52 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 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 during the quarter, compared to analyst estimates of $169.20 million.

Donnelley Financial Solutions Company 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).