Exchange Traded Concepts LLC Decreases Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Exchange Traded Concepts LLC cut its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,733 shares of the company’s stock after selling 291 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.05% of Donnelley Financial Solutions worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 198 shares during the period. Louisiana State Employees Retirement System grew its holdings in Donnelley Financial Solutions by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock valued at $745,000 after buying an additional 200 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Donnelley Financial Solutions by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after buying an additional 249 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Donnelley Financial Solutions by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock worth $1,343,000 after buying an additional 286 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Donnelley Financial Solutions by 5.2% in the third quarter. Inspire Investing LLC now owns 6,236 shares of the company’s stock valued at $411,000 after acquiring an additional 310 shares during the period. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.5 %

Shares of DFIN opened at $66.31 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 1.45. Donnelley Financial Solutions, Inc. has a 1-year low of $51.06 and a 1-year high of $71.01. The company has a market capitalization of $1.94 billion, a P/E ratio of 20.22 and a beta of 1.35. The firm’s 50 day simple moving average is $65.79 and its 200 day simple moving average is $63.15.

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

Insider Transactions at Donnelley Financial Solutions

In related news, insider Eric J. Johnson sold 8,823 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total value of $553,819.71. Following the completion of the sale, the insider now owns 124,186 shares in the company, valued at $7,795,155.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Eric J. Johnson sold 8,823 shares of Donnelley Financial Solutions stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $62.77, for a total value of $553,819.71. Following the transaction, the insider now owns 124,186 shares in the company, valued at $7,795,155.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $83,579,671.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 213,344 shares of company stock worth $14,485,668. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DFIN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a report on Friday, September 27th. DA Davidson increased 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.

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).