Quantbot Technologies LP Has $733,000 Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Quantbot Technologies LP lessened its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 6.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,132 shares of the company’s stock after selling 757 shares during the quarter. Quantbot Technologies LP’s holdings in Donnelley Financial Solutions were worth $733,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DFIN. CWM LLC raised its position in Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 198 shares during the last quarter. Diversified Trust Co raised its position in shares of Donnelley Financial Solutions by 6.7% during the second quarter. Diversified Trust Co now owns 7,702 shares of the company’s stock worth $459,000 after acquiring an additional 484 shares during the last quarter. Ellsworth Advisors LLC lifted its stake in shares of Donnelley Financial Solutions by 6.4% during the second quarter. Ellsworth Advisors LLC now owns 9,409 shares of the company’s stock valued at $561,000 after acquiring an additional 562 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Donnelley Financial Solutions by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after acquiring an additional 249 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Donnelley Financial Solutions by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock worth $745,000 after purchasing an additional 200 shares during the period. 93.84% of the stock is owned by institutional investors.

Insider Activity

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 400 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $70.01, for a total value of $28,004.00. Following the sale, the chief executive officer now owns 524,791 shares in the company, valued at approximately $36,740,617.91. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’s stock in a transaction that occurred on 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 directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This represents a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 425,331 shares of company stock worth $26,738,613 over the last quarter. 11.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DFIN. B. Riley cut their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $59.68 on Tuesday. The business has a 50-day moving average of $63.05 and a 200-day moving average of $63.10. Donnelley Financial Solutions, Inc. has a 1 year low of $56.02 and a 1 year high of $71.01. The firm has a market capitalization of $1.72 billion, a P/E ratio of 18.65 and a beta of 1.38. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

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).