William Blair Investment Management LLC Makes New $26.51 Million Investment in Donnelley Financial Solutions $DFIN

William Blair Investment Management LLC acquired a new stake in Donnelley Financial Solutions (NYSE:DFIN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 631,933 shares of the company’s stock, valued at approximately $26,510,000. William Blair Investment Management LLC owned 2.57% of Donnelley Financial Solutions at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. EP Wealth Advisors LLC acquired a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $359,000. Keating Financial Advisory Services Inc. acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth $29,000. BlackRock Inc. acquired a new position in Donnelley Financial Solutions in the second quarter valued at $165,182,000. Deutsche Bank AG purchased a new position in shares of Donnelley Financial Solutions during the second quarter worth about $1,598,000. Finally, Rice Hall James & Associates LLC acquired a new position in Donnelley Financial Solutions in the 2nd quarter valued at about $32,516,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $48.19 on Friday. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $57.88. The stock’s 50 day moving average is $45.98 and its two-hundred day moving average is $45.68. The firm has a market capitalization of $1.18 billion, a PE ratio of 33.23 and a beta of 0.71. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN) last issued its 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 during 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 company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 EPS. Research analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Analyst Ratings Changes

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

Donnelley Financial Solutions Company Profile

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.