State of Wyoming Makes New Investment in Donnelley Financial Solutions $DFIN

State of Wyoming bought a new stake in shares of Donnelley Financial Solutions (NYSE:DFIN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,533 shares of the company’s stock, valued at approximately $484,000.

Other hedge funds have also recently modified their holdings of the company. First Citizens Bank & Trust Co. raised its holdings in shares of Donnelley Financial Solutions by 2.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company’s stock worth $379,000 after buying an additional 220 shares during the period. Gotham Asset Management LLC boosted its holdings in Donnelley Financial Solutions by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 18,256 shares of the company’s stock valued at $939,000 after acquiring an additional 230 shares during the period. Lido Advisors LLC grew its position in Donnelley Financial Solutions by 5.0% in the 4th quarter. Lido Advisors LLC now owns 4,857 shares of the company’s stock valued at $244,000 after acquiring an additional 231 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Donnelley Financial Solutions by 3.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock valued at $365,000 after acquiring an additional 232 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Donnelley Financial Solutions by 4.2% in the second quarter. Osaic Holdings Inc. now owns 6,296 shares of the company’s stock worth $367,000 after purchasing an additional 252 shares during the period. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 2.9%

Shares of NYSE DFIN opened at $47.58 on Tuesday. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $57.88. The firm has a market cap of $1.17 billion, a PE ratio of 32.81 and a beta of 0.71. The business has a fifty day simple moving average of $45.11 and a two-hundred day simple moving average of $45.73. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $224.20 million for the quarter, compared to the consensus estimate of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 EPS. Analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DFIN. DA Davidson decreased their target price on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. Finally, Needham & Company LLC upped their target price on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.00.

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.