New York State Teachers Retirement System Raises Stock Position in Donnelley Financial Solutions Inc (NYSE:DFIN)

New York State Teachers Retirement System increased its stake in Donnelley Financial Solutions Inc (NYSE:DFIN) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,962 shares of the company’s stock after purchasing an additional 3,830 shares during the quarter. New York State Teachers Retirement System owned 0.18% of Donnelley Financial Solutions worth $520,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Nuveen Asset Management LLC boosted its holdings in Donnelley Financial Solutions by 2.3% in the first quarter. Nuveen Asset Management LLC now owns 128,996 shares of the company’s stock worth $680,000 after purchasing an additional 2,859 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Donnelley Financial Solutions by 13.2% in the first quarter. Gamco Investors INC. ET AL now owns 25,700 shares of the company’s stock worth $135,000 after purchasing an additional 3,000 shares during the last quarter. Rhumbline Advisers boosted its holdings in Donnelley Financial Solutions by 3.0% in the first quarter. Rhumbline Advisers now owns 111,031 shares of the company’s stock worth $585,000 after purchasing an additional 3,230 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Donnelley Financial Solutions by 1.0% in the first quarter. Geode Capital Management LLC now owns 450,268 shares of the company’s stock worth $2,372,000 after purchasing an additional 4,340 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Donnelley Financial Solutions by 9.5% in the second quarter. SG Americas Securities LLC now owns 54,408 shares of the company’s stock worth $457,000 after purchasing an additional 4,735 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Several equities research analysts recently issued reports on the stock. DA Davidson dropped their target price on shares of Donnelley Financial Solutions from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Zacks Investment Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. BTIG Research reiterated a “buy” rating and issued a $11.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, July 1st. Finally, ValuEngine upgraded shares of Donnelley Financial Solutions from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.25.

DFIN opened at $8.65 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.30 and a debt-to-equity ratio of 1.48. Donnelley Financial Solutions Inc has a 1-year low of $4.04 and a 1-year high of $14.58. The company has a market capitalization of $291.76 million, a PE ratio of 6.63 and a beta of 2.15. The firm’s 50 day simple moving average is $8.37 and its two-hundred day simple moving average is $7.85.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.15. The firm had revenue of $220.70 million for the quarter, compared to the consensus estimate of $226.23 million. Donnelley Financial Solutions had a net margin of 4.98% and a return on equity of 16.41%. Equities analysts forecast that Donnelley Financial Solutions Inc will post 1.43 earnings per share for the current fiscal year.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.

Featured Article: Basic Economics

Want to see what other hedge funds are holding DFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donnelley Financial Solutions Inc (NYSE:DFIN).

Institutional Ownership by Quarter for Donnelley Financial Solutions (NYSE:DFIN)

Receive News & Ratings for Donnelley Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donnelley Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.