Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. lowered its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 85.0% in the fourth quarter, Holdings Channel reports. The firm owned 7,668 shares of the company’s stock after selling 43,434 shares during the period. Phocas Financial Corp.’s holdings in Donnelley Financial Solutions were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its holdings in Donnelley Financial Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock worth $69,826,000 after buying an additional 4,279 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Donnelley Financial Solutions by 2.8% in the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after acquiring an additional 24,869 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Donnelley Financial Solutions by 3.6% during the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after purchasing an additional 20,652 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Donnelley Financial Solutions by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock valued at $23,133,000 after purchasing an additional 19,740 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $50.01 on Wednesday. The company has a market cap of $1.43 billion, a P/E ratio of 16.34 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a fifty-two week low of $47.94 and a fifty-two week high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average price is $61.95 and its 200 day moving average price is $63.20.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The company had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million.

Insider Activity at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield bought 1,000 shares of the stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. This represents a 2.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now directly owns 197,406 shares in the company, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Needham & Company LLC lowered their target price on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. DA Davidson lowered their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, B. Riley dropped their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

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).