Eagle Asset Management Inc. Sells 47,475 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Eagle Asset Management Inc. lessened its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 22.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,418 shares of the company’s stock after selling 47,475 shares during the quarter. Eagle Asset Management Inc. owned 0.56% of Donnelley Financial Solutions worth $9,822,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DFIN. CWM LLC increased its position in shares of Donnelley Financial Solutions by 72.3% during the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 198 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Donnelley Financial Solutions by 781.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares in the last quarter. Quarry LP raised its stake in shares of Donnelley Financial Solutions by 492.9% in the second quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after purchasing an additional 621 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Donnelley Financial Solutions in the second quarter valued at approximately $48,000. Finally, Quest Partners LLC purchased a new position in shares of Donnelley Financial Solutions during the second quarter valued at approximately $197,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DFIN shares. DA Davidson raised their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. B. Riley lowered their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock opened at $61.50 on Friday. The business’s fifty day simple moving average is $64.05 and its 200 day simple moving average is $63.18. 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, Inc. has a 12 month low of $56.02 and a 12 month high of $71.01. The firm has a market capitalization of $1.77 billion, a P/E ratio of 19.22 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 31st. The company reported $0.48 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 the consensus estimate of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, Director Jeffrey Jacobowitz sold 114,655 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $67.42, for a total value of $7,730,040.10. Following the sale, the director now directly owns 1,008,206 shares in the company, valued at approximately $67,973,248.52. The trade was a 10.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Leib sold 2,881 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total transaction of $201,756.43. Following the sale, the chief executive officer now directly owns 517,810 shares in the company, valued at approximately $36,262,234.30. This trade represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 425,331 shares of company stock worth $26,738,613 over the last three months. 11.90% of the stock is currently owned by insiders.

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).