Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Sells $13,684,377.27 in Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the sale, the director now owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, September 20th, Jeffrey Jacobowitz sold 114,655 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $67.42, for a total value of $7,730,040.10.
• On Wednesday, September 18th, Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $69.45, for a total transaction of $5,094,435.30.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $61.23 on Friday. The company’s 50 day simple moving average is $65.00 and its 200-day simple moving average is $63.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. Donnelley Financial Solutions, Inc. has a 1 year low of $52.52 and a 1 year high of $71.01. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 19.13 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. As a group, equities research analysts expect that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DFIN. Needham & Company LLC reiterated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday, November 1st. B. Riley dropped their price target on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson lifted their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Donnelley Financial Solutions by 10.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,678 shares of the company’s stock valued at $1,098,000 after purchasing an additional 1,604 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Donnelley Financial Solutions by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock worth $1,381,000 after buying an additional 289 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Donnelley Financial Solutions by 3.1% during the third quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after buying an additional 320 shares during the period. Aigen Investment Management LP acquired a new position in Donnelley Financial Solutions during the 3rd quarter worth approximately $248,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Donnelley Financial Solutions by 49.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 8,661 shares of the company’s stock valued at $570,000 after purchasing an additional 2,885 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Company Profile

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).