Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz Sells 114,655 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 114,655 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $67.42, for a total value of $7,730,040.10. Following the transaction, the director now directly owns 1,008,206 shares of the company’s stock, valued at $67,973,248.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Wednesday, September 18th, Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $69.45, for a total value of $5,094,435.30.

Donnelley Financial Solutions Stock Down 3.4 %

DFIN stock opened at $67.00 on Friday. The firm has a market cap of $1.96 billion, a PE ratio of 20.43 and a beta of 1.36. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $65.82 and a 200 day simple moving average of $62.76. Donnelley Financial Solutions, Inc. has a 1 year low of $50.75 and a 1 year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.08. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. The firm had revenue of $242.70 million for the quarter, compared to analyst estimates of $247.70 million. Sell-side analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of DFIN. Sanctuary Advisors LLC acquired a new position in Donnelley Financial Solutions during the second quarter worth $615,000. Point72 Asset Management L.P. bought a new position in Donnelley Financial Solutions during the 2nd quarter worth $283,000. Quarry LP raised its stake in Donnelley Financial Solutions by 492.9% in the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after purchasing an additional 621 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Donnelley Financial Solutions by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,976 shares of the company’s stock valued at $893,000 after buying an additional 751 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Donnelley Financial Solutions by 108.9% in the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after acquiring an additional 131,994 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

DFIN has been the subject of a number of research analyst reports. Needham & Company LLC upped their price target on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, August 1st. DA Davidson boosted their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

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).