Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Bought by State Street Corp

State Street Corp lifted its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,060,700 shares of the company’s stock after buying an additional 4,279 shares during the period. State Street Corp owned approximately 3.68% of Donnelley Financial Solutions worth $69,826,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Stifel Financial Corp lifted its holdings in Donnelley Financial Solutions by 108.0% in the 3rd quarter. Stifel Financial Corp now owns 11,091 shares of the company’s stock valued at $730,000 after acquiring an additional 5,759 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Donnelley Financial Solutions in the 3rd quarter worth approximately $74,000. Point72 Asset Management L.P. lifted its stake in Donnelley Financial Solutions by 66.1% during the third quarter. Point72 Asset Management L.P. now owns 7,892 shares of the company’s stock valued at $520,000 after purchasing an additional 3,141 shares during the last quarter. Martingale Asset Management L P boosted its holdings in Donnelley Financial Solutions by 12.0% during the third quarter. Martingale Asset Management L P now owns 28,429 shares of the company’s stock worth $1,871,000 after buying an additional 3,042 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in Donnelley Financial Solutions by 3.5% in the third quarter. Public Sector Pension Investment Board now owns 56,684 shares of the company’s stock worth $3,732,000 after buying an additional 1,900 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DFIN shares. Needham & Company LLC reissued a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. B. Riley decreased their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Insider Buying and Selling

In other Donnelley Financial Solutions 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 value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $62.60 on Wednesday. The company has a market cap of $1.81 billion, a P/E ratio of 19.63 and a beta of 1.39. The company’s fifty day moving average is $62.08 and its two-hundred day moving average is $63.03. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) 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 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 company posted $0.58 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Equities analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share 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).