Public Sector Pension Investment Board Buys 1,900 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Public Sector Pension Investment Board grew its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,684 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.20% of Donnelley Financial Solutions worth $3,732,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DFIN. Dynamic Technology Lab Private Ltd increased its stake in shares of Donnelley Financial Solutions by 106.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after purchasing an additional 9,197 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Donnelley Financial Solutions by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock worth $23,133,000 after buying an additional 19,740 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Donnelley Financial Solutions by 10.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,678 shares of the company’s stock valued at $1,098,000 after acquiring an additional 1,604 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Donnelley Financial Solutions by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after acquiring an additional 289 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Donnelley Financial Solutions by 3.1% during the third quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after acquiring an additional 320 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 0.9 %

DFIN opened at $59.68 on Tuesday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 18.65 and a beta of 1.38. 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 twelve month low of $56.02 and a twelve month high of $71.01. The company has a 50-day simple moving average of $63.05 and a 200 day simple moving average of $63.10.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). The firm 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 business’s revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. Analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 400 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.01, for a total value of $28,004.00. Following the completion of the transaction, the chief executive officer now owns 524,791 shares of the company’s stock, valued at approximately $36,740,617.91. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Jacobowitz sold 234,041 shares of Donnelley Financial Solutions stock in a transaction that occurred 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 sale, the director now directly owns 774,165 shares in the company, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 425,331 shares of company stock valued at $26,738,613. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DFIN. B. Riley cut their price objective 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. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Donnelley Financial Solutions 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).