Westwood Holdings Group Inc. purchased a new stake in Donnelley Financial Solutions (NYSE:DFIN – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 609,939 shares of the company’s stock, valued at approximately $37,603,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Donnelley Financial Solutions by 1,107.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock valued at $31,000 after buying an additional 465 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Donnelley Financial Solutions during the 1st quarter worth about $43,000. CWM LLC boosted its position in shares of Donnelley Financial Solutions by 53.7% during the 2nd quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after acquiring an additional 241 shares in the last quarter. SVB Wealth LLC bought a new stake in Donnelley Financial Solutions in the first quarter valued at about $49,000. Finally, Huntington National Bank raised its position in Donnelley Financial Solutions by 48.5% in the second quarter. Huntington National Bank now owns 1,584 shares of the company’s stock worth $98,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.
Donnelley Financial Solutions Stock Performance
Shares of Donnelley Financial Solutions stock opened at $45.96 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $51.09 and a 200 day simple moving average of $55.12. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $69.93. The firm has a market cap of $1.22 billion, a P/E ratio of 43.77 and a beta of 1.04.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. DA Davidson set a $70.00 target price on Donnelley Financial Solutions in a report on Friday, October 24th. Needham & Company LLC cut their target price on shares of Donnelley Financial Solutions from $72.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Wall Street Zen raised Donnelley Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Donnelley Financial Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $63.50.
Read Our Latest Research Report on DFIN
Insiders Place Their Bets
In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 7,421 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $56.71, for a total transaction of $420,844.91. Following the transaction, the director directly owned 53,343 shares in the company, valued at approximately $3,025,081.53. This represents a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company’s stock.
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).
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