Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 251.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,345 shares of the company’s stock after acquiring an additional 13,837 shares during the period. Squarepoint Ops LLC owned approximately 0.07% of Donnelley Financial Solutions worth $1,153,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC lifted its position in Donnelley Financial Solutions by 72.3% during the second quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 198 shares during the period. nVerses Capital LLC purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at about $48,000. Quest Partners LLC acquired a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at about $197,000. Caprock Group LLC purchased a new stake in shares of Donnelley Financial Solutions in the second quarter worth about $201,000. Finally, Entropy Technologies LP acquired a new stake in Donnelley Financial Solutions during the first quarter worth about $209,000. 93.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DFIN has been the subject of a number of analyst reports. DA Davidson boosted their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Friday, September 27th.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $66.12 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.41. Donnelley Financial Solutions, Inc. has a 12-month low of $51.06 and a 12-month high of $71.01. The business’s 50 day moving average is $65.79 and its two-hundred day moving average is $62.95. The company has a market capitalization of $1.94 billion, a P/E ratio of 20.16 and a beta of 1.35.

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

Insider Activity

In related news, insider Craig Clay sold 400 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the transaction, the insider now owns 148,348 shares in the company, valued at $9,805,802.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Craig Clay sold 400 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.10, for a total value of $26,440.00. Following the completion of the transaction, the insider now directly owns 148,348 shares of the company’s stock, valued at approximately $9,805,802.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Leib sold 2,881 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the sale, the chief executive officer now owns 517,810 shares of the company’s stock, valued at $36,262,234.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,744 shares of company stock worth $14,512,108 over the last 90 days. 11.90% of the stock is currently owned by company 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).