Royce & Associates LP Boosts Position in Donnelley Financial Solutions $DFIN

Royce & Associates LP grew its stake in Donnelley Financial Solutions (NYSE:DFIN) by 156.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,077 shares of the company’s stock after acquiring an additional 264,659 shares during the period. Royce & Associates LP owned 1.64% of Donnelley Financial Solutions worth $22,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Westwood Holdings Group Inc. bought a new position in Donnelley Financial Solutions in the second quarter worth approximately $37,603,000. Alliancebernstein L.P. lifted its holdings in shares of Donnelley Financial Solutions by 1,842.6% in the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after buying an additional 562,144 shares during the period. Simcoe Capital Management LLC grew its position in shares of Donnelley Financial Solutions by 34.0% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock worth $63,976,000 after buying an additional 263,570 shares in the last quarter. Access Investment Management LLC purchased a new position in shares of Donnelley Financial Solutions during the second quarter valued at $13,518,000. Finally, Alberta Investment Management Corp raised its holdings in shares of Donnelley Financial Solutions by 75.0% in the third quarter. Alberta Investment Management Corp now owns 350,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 150,000 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of NYSE DFIN opened at $49.76 on Monday. The company has a market cap of $1.27 billion, a PE ratio of 46.50 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day simple moving average of $48.85 and a two-hundred day simple moving average of $50.07. Donnelley Financial Solutions has a fifty-two week low of $37.07 and a fifty-two week high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.30. Donnelley Financial Solutions had a net margin of 4.22% and a return on equity of 23.88%. The company had revenue of $172.50 million for the quarter, compared to the consensus estimate of $155.27 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Donnelley Financial Solutions’s revenue was up 10.4% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DFIN. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Needham & Company LLC reiterated a “buy” rating and set a $57.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $66.00 target price on shares of Donnelley Financial Solutions in a research report on Wednesday, February 18th. Finally, CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $61.50.

About Donnelley Financial Solutions

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.