Jeffrey Jacobowitz Sells 73,354 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the sale, the director now owns 1,203,451 shares in the company, valued at approximately $83,579,671.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $67.42, for a total transaction of $7,730,040.10.

Donnelley Financial Solutions Trading Down 3.4 %

Shares of DFIN opened at $67.00 on Friday. The company’s fifty day moving average is $65.82 and its 200 day moving average is $62.74. Donnelley Financial Solutions, Inc. has a fifty-two week low of $50.75 and a fifty-two week high of $71.01. The stock has a market capitalization of $1.96 billion, a PE ratio of 20.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45.

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

Institutional Investors Weigh In On Donnelley Financial Solutions

Several large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in Donnelley Financial Solutions during the second quarter valued at $615,000. Point72 Asset Management L.P. bought a new position in Donnelley Financial Solutions during the second quarter valued at $283,000. Quarry LP increased its position in Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Donnelley Financial Solutions by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,976 shares of the company’s stock valued at $893,000 after acquiring an additional 751 shares during the last quarter. Finally, Millennium Management LLC increased its position in Donnelley Financial Solutions by 108.9% during the second 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 during the last quarter. Institutional investors own 93.84% of the company’s stock.

Analysts Set New Price Targets

DFIN has been the topic of several recent analyst reports. Needham & Company LLC lifted their price objective on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. DA Davidson lifted their price objective 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.

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).