Insider Selling: Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Sells 73,354 Shares of Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 73,354 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $7,730,040.10.

Donnelley Financial Solutions Stock Down 3.4 %

NYSE:DFIN opened at $67.00 on Friday. Donnelley Financial Solutions, Inc. has a 1-year low of $50.75 and a 1-year high of $71.01. The company has a 50-day moving average of $65.82 and a 200 day moving average of $62.74. The firm has a market cap of $1.96 billion, a PE ratio of 20.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 1.45.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. Donnelley Financial Solutions had a net margin of 13.22% and a return on equity of 25.45%. The company had revenue of $242.70 million during the quarter, compared to analyst estimates of $247.70 million. As a group, research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DFIN shares. DA Davidson boosted their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC upped their price objective on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. raised its holdings in Donnelley Financial Solutions by 3.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after purchasing an additional 68,908 shares in the last quarter. American Century Companies Inc. raised its holdings 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 worth $68,727,000 after purchasing an additional 152,867 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Donnelley Financial Solutions by 0.8% in the first quarter. William Blair Investment Management LLC now owns 445,815 shares of the company’s stock worth $27,645,000 after purchasing an additional 3,416 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Donnelley Financial Solutions by 1,178.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock worth $20,381,000 after purchasing an additional 302,957 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Donnelley Financial Solutions by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 328,050 shares of the company’s stock worth $20,460,000 after purchasing an additional 1,321 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

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).