Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Sells $7,730,040.10 in Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 114,655 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $67.42, for a total value of $7,730,040.10. Following the completion of the transaction, the director now directly owns 1,008,206 shares in the company, valued at approximately $67,973,248.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Wednesday, September 18th, Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $69.45, for a total value of $5,094,435.30.

Donnelley Financial Solutions Trading Down 3.4 %

NYSE DFIN traded down $2.37 during trading on Friday, hitting $67.00. 624,558 shares of the company’s stock traded hands, compared to its average volume of 169,308. The stock has a fifty day moving average of $65.82 and a two-hundred day moving average of $62.76. Donnelley Financial Solutions, Inc. has a 12-month low of $50.75 and a 12-month high of $71.01. The firm has a market cap of $1.96 billion, a P/E ratio of 20.43 and a beta of 1.36. 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 (NYSE:DFIN) last issued its earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.08. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. The company had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $247.70 million. As a group, sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mawer Investment Management Ltd. boosted its position in Donnelley Financial Solutions by 47.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock valued at $126,637,000 after buying an additional 657,835 shares during the period. 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 acquiring an additional 302,957 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Donnelley Financial Solutions by 15.3% during the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after acquiring an additional 152,867 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Donnelley Financial Solutions by 108.9% during the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after purchasing an additional 131,994 shares during the period. Finally, Burney Co. grew its stake in shares of Donnelley Financial Solutions by 193.3% in the second quarter. Burney Co. now owns 178,524 shares of the company’s stock worth $10,644,000 after purchasing an additional 117,662 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DFIN. DA Davidson boosted their target price 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. Needham & Company LLC lifted their price target on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

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).