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 Donnelley Financial Solutions stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Up 3.2 %

DFIN stock traded up $1.91 during midday trading on Thursday, reaching $62.43. The company’s stock had a trading volume of 270,583 shares, compared to its average volume of 171,449. The stock has a fifty day simple moving average of $65.11 and a two-hundred day simple moving average of $63.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.51 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a 1 year low of $52.52 and a 1 year high of $71.01.

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). The business had revenue of $179.50 million for the quarter, compared to analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. On average, equities research analysts predict that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current year.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds have recently added to or reduced their stakes in the company. 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 valued at $28,000 after purchasing an additional 198 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Donnelley Financial Solutions by 781.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after buying an additional 422 shares during the period. Quarry LP raised its holdings in shares of Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares during the period. nVerses Capital LLC acquired a new position in Donnelley Financial Solutions during the 2nd quarter valued at $48,000. Finally, Quest Partners LLC bought a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $197,000. Institutional investors own 93.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DFIN. Needham & Company LLC reissued a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. DA Davidson upped their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley lowered 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.

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).