Texas Permanent School Fund Corp Acquires 7,055 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Texas Permanent School Fund Corp grew its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 32.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,709 shares of the company’s stock after purchasing an additional 7,055 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of Donnelley Financial Solutions worth $1,712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DFIN. CWM LLC grew its position in Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 198 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Donnelley Financial Solutions in the second quarter worth about $48,000. Quest Partners LLC acquired a new stake in shares of Donnelley Financial Solutions in the 2nd quarter valued at approximately $197,000. Caprock Group LLC bought a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $201,000. Finally, Entropy Technologies LP acquired a new position in Donnelley Financial Solutions during the 1st quarter worth approximately $209,000. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $68.33 on Thursday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 20.83 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 1 year low of $50.75 and a 1 year high of $71.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50-day moving average of $65.50 and a 200-day moving average of $62.70.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $247.70 million. As a group, equities research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on DFIN shares. Needham & Company LLC raised their target price on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. DA Davidson increased their price target 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.

Insider Activity

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 2,881 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Donnelley Financial Solutions news, insider Craig Clay sold 13,231 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $66.33, for a total value of $877,612.23. Following the completion of the sale, the insider now owns 134,965 shares in the company, valued at $8,952,228.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel Leib sold 2,881 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $36,262,234.30. The disclosure for this sale can be found here. Insiders sold a total of 25,735 shares of company stock valued at $1,687,632 over the last three months. Corporate insiders own 11.90% of the company’s stock.

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).