Louisiana State Employees Retirement System Acquires Shares of 11,800 Donnelley Financial Solutions $DFIN

Louisiana State Employees Retirement System bought a new position in shares of Donnelley Financial Solutions (NYSE:DFIN) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,800 shares of the company’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Donnelley Financial Solutions by 74.0% during the 1st quarter. SG Americas Securities LLC now owns 31,532 shares of the company’s stock worth $1,486,000 after acquiring an additional 13,412 shares in the last quarter. Evolve Private Wealth LLC boosted its position in shares of Donnelley Financial Solutions by 7.9% during the 1st quarter. Evolve Private Wealth LLC now owns 9,374 shares of the company’s stock worth $442,000 after acquiring an additional 686 shares in the last quarter. Villanova Investment Management Co LLC bought a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $2,364,000. Finally, Alberta Investment Management Corp raised its position in Donnelley Financial Solutions by 151.3% during the fourth quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock valued at $41,069,000 after purchasing an additional 529,600 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DFIN. Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Zacks Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. DA Davidson lowered their price target on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $59.50.

Donnelley Financial Solutions Stock Down 2.4%

Shares of NYSE:DFIN opened at $45.16 on Wednesday. The firm has a market cap of $1.13 billion, a P/E ratio of 35.01 and a beta of 0.72. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $66.25. The business has a fifty day simple moving average of $41.17 and a 200 day simple moving average of $46.15. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.59.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. The company had revenue of $205.50 million during the quarter, compared to analysts’ expectations of $204.80 million. Donnelley Financial Solutions had a return on equity of 24.80% and a net margin of 4.52%.The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. Analysts predict that Donnelley Financial Solutions will post 4.46 earnings per share for the current 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.