Jeffrey Jacobowitz Sells 234,041 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 234,041 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the sale, the director now directly owns 774,165 shares in the company, valued at $45,265,427.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, September 20th, Jeffrey Jacobowitz sold 114,655 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $67.42, for a total value of $7,730,040.10.
• On Wednesday, September 18th, Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $69.45, for a total value of $5,094,435.30.

Donnelley Financial Solutions Trading Down 1.9 %

NYSE:DFIN opened at $61.20 on Friday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 19.13 and a beta of 1.38. 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, Inc. has a 1 year low of $52.52 and a 1 year high of $71.01. The business has a fifty day moving average of $65.00 and a 200-day moving average of $63.29.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (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 company had revenue of $179.50 million during the quarter, compared to the consensus estimate of $181.55 million. During the same quarter in the prior year, the company earned $0.58 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts predict that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DFIN. DA Davidson lifted their price objective on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. B. Riley cut their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Donnelley Financial Solutions in the first quarter valued at $808,000. Empowered Funds LLC bought a new stake in Donnelley Financial Solutions in the first quarter worth about $6,041,000. Homestead Advisers Corp lifted its holdings in Donnelley Financial Solutions by 24.5% in the 1st quarter. Homestead Advisers Corp now owns 56,900 shares of the company’s stock valued at $3,528,000 after acquiring an additional 11,200 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Donnelley Financial Solutions during the 1st quarter valued at about $1,694,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Donnelley Financial Solutions by 1,178.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock worth $20,381,000 after purchasing an additional 302,957 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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).