Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 96,628 shares of the company’s stock after selling 5,128 shares during the period. Royce & Associates LP’s holdings in Donnelley Financial Solutions were worth $6,361,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of Donnelley Financial Solutions during the 1st quarter worth $1,694,000. Price T Rowe Associates Inc. MD increased its holdings in Donnelley Financial Solutions by 1,178.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after acquiring an additional 302,957 shares in the last quarter. Great Lakes Advisors LLC raised its position in 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 worth $4,265,000 after acquiring an additional 67,067 shares during the last quarter. Sei Investments Co. grew its position in shares of Donnelley Financial Solutions by 45.3% in 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 during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after purchasing an additional 24,869 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Stock Down 0.9 %

DFIN stock opened at $60.40 on Monday. Donnelley Financial Solutions, Inc. has a one year low of $55.70 and a one year high of $71.01. The stock has a market capitalization of $1.74 billion, a P/E ratio of 18.88 and a beta of 1.38. The company has a 50 day moving average price of $64.65 and a two-hundred day moving average price of $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 (NYSE:DFIN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.48 EPS 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 business had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. During the same period in the prior year, the firm earned $0.58 EPS. Donnelley Financial Solutions’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Insider Activity

In related news, Director Jeffrey Jacobowitz sold 73,354 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $69.45, for a total value of $5,094,435.30. Following the transaction, the director now directly owns 1,203,451 shares of the company’s stock, valued at approximately $83,579,671.95. This trade represents a 5.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at approximately $36,262,234.30. This trade represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 425,331 shares of company stock valued at $26,738,613 in the last 90 days. 11.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DFIN has been the topic of a number of recent research reports. B. Riley reduced their target price 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. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. Finally, DA Davidson lifted their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Donnelley Financial Solutions 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).