Harbor Capital Advisors Inc. Takes Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Harbor Capital Advisors Inc. acquired a new position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 36,097 shares of the company’s stock, valued at approximately $2,264,000. Harbor Capital Advisors Inc. owned 0.13% of Donnelley Financial Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Donnelley Financial Solutions by 781.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after buying an additional 422 shares during the period. Quarry LP boosted its stake in Donnelley Financial Solutions by 492.9% in the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Donnelley Financial Solutions during the 3rd quarter valued at $74,000. Quest Partners LLC acquired a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $197,000. Finally, Caprock Group LLC bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth $201,000. 93.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. B. Riley dropped their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, November 1st.

Insider Activity

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the sale, the director now owns 774,165 shares in the company, valued at approximately $45,265,427.55. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the transaction, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock opened at $58.28 on Friday. Donnelley Financial Solutions, Inc. has a 12 month low of $56.02 and a 12 month high of $71.01. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.68 billion, a PE ratio of 18.21 and a beta of 1.38. The stock’s fifty day simple moving average is $60.86 and its 200 day simple moving average is $63.28.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The business had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. During the same quarter last year, the firm earned $0.58 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

About Donnelley Financial Solutions

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).