Donnelley Financial Solutions, Inc. (NYSE:DFIN) Position Cut by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 4.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,021,103 shares of the company’s stock after selling 90,009 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.07% of Donnelley Financial Solutions worth $133,049,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DFIN. Quadrature Capital Ltd bought a new stake in shares of Donnelley Financial Solutions during the first quarter valued at about $1,694,000. Price T Rowe Associates Inc. MD raised its stake in shares of Donnelley Financial Solutions by 1,178.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after purchasing an additional 302,957 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of Donnelley Financial Solutions by 1,500.4% during the second quarter. Great Lakes Advisors LLC now owns 71,537 shares of the company’s stock valued at $4,265,000 after purchasing an additional 67,067 shares in the last quarter. Sei Investments Co. raised its stake in shares of Donnelley Financial Solutions by 45.3% during the second quarter. Sei Investments Co. now owns 49,644 shares of the company’s stock valued at $2,960,000 after purchasing an additional 15,467 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in Donnelley Financial Solutions by 2.8% in the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after acquiring an additional 24,869 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the transaction, the director now owns 774,165 shares in the company, valued at $45,265,427.55. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Leib sold 2,881 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total value of $201,756.43. Following the transaction, the chief executive officer now owns 517,810 shares in the company, valued at approximately $36,262,234.30. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 425,331 shares of company stock valued at $26,738,613 over the last ninety days. 11.90% of the stock is currently owned by insiders.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN traded down $0.16 during mid-day trading on Monday, hitting $60.24. 1,010 shares of the stock were exchanged, compared to its average volume of 170,529. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.88 and a beta of 1.38. The firm’s 50-day simple moving average is $64.65 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 fifty-two week low of $56.02 and a fifty-two week high of $71.01.

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). The firm had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. As a group, equities analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

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).