Renaissance Technologies LLC Lowers Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Renaissance Technologies LLC trimmed its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 15.8% during the second quarter, Holdings Channel.com reports. The fund owned 76,000 shares of the company’s stock after selling 14,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Donnelley Financial Solutions were worth $4,531,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. boosted its position in Donnelley Financial Solutions by 47.5% in the first quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock worth $126,637,000 after purchasing an additional 657,835 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Donnelley Financial Solutions by 1,178.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after buying an additional 302,957 shares during the period. American Century Companies Inc. increased its holdings in Donnelley Financial Solutions by 15.3% during the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after buying an additional 152,867 shares during the last quarter. Burney Co. raised its position in Donnelley Financial Solutions by 193.3% in the second quarter. Burney Co. now owns 178,524 shares of the company’s stock worth $10,644,000 after acquiring an additional 117,662 shares during the period. Finally, Empowered Funds LLC purchased a new position in Donnelley Financial Solutions in the first quarter valued at about $6,041,000. Institutional investors own 93.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Eric J. Johnson sold 8,823 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $62.77, for a total transaction of $553,819.71. Following the completion of the transaction, the insider now owns 124,186 shares of the company’s stock, valued at $7,795,155.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Eric J. Johnson sold 8,823 shares of Donnelley Financial Solutions stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total transaction of $553,819.71. Following the completion of the sale, the insider now owns 124,186 shares of the company’s stock, valued at $7,795,155.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Clay sold 400 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.10, for a total value of $26,440.00. Following the completion of the transaction, the insider now owns 148,348 shares in the company, valued at $9,805,802.80. The disclosure for this sale can be found here. Insiders sold a total of 213,744 shares of company stock worth $14,512,108 in the last quarter. 11.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DFIN has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday. DA Davidson upped their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $65.69 on Friday. The firm’s 50 day moving average is $65.98 and its 200 day moving average is $62.84. The stock has a market capitalization of $1.93 billion, a P/E ratio of 20.03 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 12 month low of $51.06 and a 12 month high of $71.01. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.41.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.08. The firm had revenue of $242.70 million for the quarter, compared to the consensus estimate of $247.70 million. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. On average, sell-side analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current year.

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).