Donnelley Financial Solutions $DFIN Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC increased its stake in Donnelley Financial Solutions (NYSE:DFIN) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,865 shares of the company’s stock after acquiring an additional 67,092 shares during the period. William Blair Investment Management LLC’s holdings in Donnelley Financial Solutions were worth $24,577,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Donnelley Financial Solutions during the 3rd quarter valued at $621,000. Loomis Sayles & Co. L P lifted its holdings in shares of Donnelley Financial Solutions by 27.0% in the second quarter. Loomis Sayles & Co. L P now owns 180,427 shares of the company’s stock valued at $11,123,000 after buying an additional 38,413 shares during the period. Westwood Holdings Group Inc. bought a new position in Donnelley Financial Solutions during the second quarter valued at about $37,603,000. Frontier Capital Management Co. LLC grew its holdings in Donnelley Financial Solutions by 5.7% during the second quarter. Frontier Capital Management Co. LLC now owns 554,828 shares of the company’s stock worth $34,205,000 after acquiring an additional 29,849 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Donnelley Financial Solutions by 8.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company’s stock worth $63,634,000 after acquiring an additional 91,494 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DFIN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. CJS Securities upgraded shares of Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. DA Davidson restated a “buy” rating and issued a $66.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, February 18th. Zacks Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Donnelley Financial Solutions has a consensus rating of “Buy” and an average price target of $61.50.

Donnelley Financial Solutions Stock Up 2.2%

DFIN stock opened at $50.85 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $1.30 billion, a P/E ratio of 47.52 and a beta of 0.87. Donnelley Financial Solutions has a 52-week low of $37.07 and a 52-week high of $66.25. The company’s 50 day simple moving average is $48.95 and its 200-day simple moving average is $50.04.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.30. Donnelley Financial Solutions had a net margin of 4.22% and a return on equity of 23.88%. The firm had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $155.27 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year.

Donnelley Financial Solutions 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.