Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. cut its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,021,103 shares of the company’s stock after selling 90,009 shares during the quarter. Mawer Investment Management Ltd. owned about 7.00% of Donnelley Financial Solutions worth $133,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in shares of Donnelley Financial Solutions by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock worth $1,381,000 after purchasing an additional 289 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Donnelley Financial Solutions by 3.1% during the 3rd 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. Aigen Investment Management LP purchased a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth about $248,000. Los Angeles Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 49.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 8,661 shares of the company’s stock worth $570,000 after acquiring an additional 2,885 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth about $225,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Donnelley Financial Solutions Trading Down 0.3 %

NYSE DFIN traded down $0.16 during mid-day trading on Monday, hitting $60.24. The company’s stock had a trading volume of 1,010 shares, compared to its average volume of 170,529. Donnelley Financial Solutions, Inc. has a 52-week low of $56.02 and a 52-week high of $71.01. The stock’s fifty day simple moving average is $64.65 and its two-hundred day simple moving average is $63.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $1.74 billion, a P/E ratio of 18.88 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. During the same period last year, the business earned $0.58 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Research analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 400 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.01, for a total transaction of $28,004.00. Following the completion of the sale, the chief executive officer now owns 524,791 shares of the company’s stock, valued at approximately $36,740,617.91. This trade represents a 0.08 % 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 hyperlink. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the firm’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 sale, the director now directly owns 1,203,451 shares of the company’s stock, valued at $83,579,671.95. The trade was a 5.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 425,331 shares of company stock valued at $26,738,613 over the last 90 days. 11.90% of the stock is owned by corporate insiders.

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).