Neumeier Poma Investment Counsel LLC Decreases Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Neumeier Poma Investment Counsel LLC cut its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 323,080 shares of the company’s stock after selling 5,945 shares during the quarter. Donnelley Financial Solutions accounts for about 2.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 24th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Donnelley Financial Solutions were worth $20,267,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DFIN. State Street Corp raised its position in Donnelley Financial Solutions by 0.4% during 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. Geode Capital Management LLC raised its holdings 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 during the last quarter. JPMorgan Chase & Co. lifted its position in Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after purchasing an additional 46,273 shares during the period. William Blair Investment Management LLC boosted its holdings in Donnelley Financial Solutions by 16.7% in the fourth quarter. William Blair Investment Management LLC now owns 375,729 shares of the company’s stock valued at $23,569,000 after purchasing an additional 53,665 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Donnelley Financial Solutions by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company’s stock worth $23,436,000 after purchasing an additional 22,195 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Trading Down 0.9 %

DFIN stock opened at $45.25 on Thursday. Donnelley Financial Solutions, Inc. has a 52-week low of $41.76 and a 52-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 has a market cap of $1.29 billion, a P/E ratio of 14.79 and a beta of 1.44. The company’s 50-day simple moving average is $55.98 and its 200-day simple moving average is $60.45.

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

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the sale, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary G. Greenfield bought 1,000 shares of Donnelley Financial Solutions stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now directly owns 43,128 shares of the company’s stock, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC decreased their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. DA Davidson decreased their price target on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

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).