Royce & Associates LP Decreases Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Royce & Associates LP trimmed its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,628 shares of the company’s stock after selling 5,128 shares during the period. Royce & Associates LP owned about 0.33% of Donnelley Financial Solutions worth $6,361,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Donnelley Financial Solutions by 1,178.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock worth $20,381,000 after acquiring an additional 302,957 shares in the last quarter. American Century Companies Inc. increased its stake in Donnelley Financial Solutions by 15.3% in the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after purchasing an additional 152,867 shares during the last quarter. Millennium Management LLC raised its holdings in 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 in the last quarter. Burney Co. lifted its position in shares of Donnelley Financial Solutions by 193.3% during the 2nd quarter. Burney Co. now owns 178,524 shares of the company’s stock worth $10,644,000 after buying an additional 117,662 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its holdings in shares of Donnelley Financial Solutions by 3.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock valued at $125,864,000 after buying an additional 68,908 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $60.40 on Monday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.88 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a fifty-two week low of $55.70 and a fifty-two week high of $71.01. The firm has a 50-day simple moving average of $64.65 and a 200-day simple moving average of $63.27. 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 (NYSE:DFIN) last announced its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). The company had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 earnings per share. On average, equities research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. B. Riley dropped their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson lifted their price target 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 73,354 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the transaction, the director now owns 1,203,451 shares in the company, valued at approximately $83,579,671.95. The trade was a 5.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Daniel Leib sold 2,881 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at $36,262,234.30. This 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 in the last three months. Insiders own 11.90% of the company’s stock.

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).