Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz Sells 114,655 Shares of Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 114,655 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the completion of the sale, the director now directly owns 1,008,206 shares of the company’s stock, valued at $67,973,248.52. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Wednesday, September 18th, Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $69.45, for a total value of $5,094,435.30.

Donnelley Financial Solutions Trading Down 3.4 %

Shares of Donnelley Financial Solutions stock opened at $67.00 on Friday. The firm’s 50-day moving average price is $65.82 and its 200 day moving average price is $62.76. Donnelley Financial Solutions, Inc. has a twelve month low of $50.75 and a twelve month high of $71.01. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.96 billion, a PE ratio of 20.43 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results 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 return on equity of 25.45% and a net margin of 13.22%. The business had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $247.70 million. On average, sell-side analysts predict that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Hedge funds have recently made changes to their positions in the company. CWM LLC increased its position in shares of 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 buying an additional 198 shares in the last quarter. Quarry LP grew its stake in Donnelley Financial Solutions by 492.9% in the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after acquiring an additional 621 shares during the period. nVerses Capital LLC purchased a new stake in shares of Donnelley Financial Solutions in the second quarter valued at $48,000. Quest Partners LLC acquired a new position in Donnelley Financial Solutions during the second quarter worth approximately $197,000. Finally, Caprock Group LLC acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth $201,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

DFIN has been the subject of several recent analyst reports. DA Davidson boosted their target price on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

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).