AQR Capital Management LLC Buys 7,964 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

AQR Capital Management LLC boosted its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 22.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,174 shares of the company’s stock after purchasing an additional 7,964 shares during the quarter. AQR Capital Management LLC owned about 0.15% of Donnelley Financial Solutions worth $2,574,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in Donnelley Financial Solutions by 251.2% during the second quarter. Squarepoint Ops LLC now owns 19,345 shares of the company’s stock worth $1,153,000 after purchasing an additional 13,837 shares during the period. Cubist Systematic Strategies LLC boosted its position in Donnelley Financial Solutions by 324.9% during the second quarter. Cubist Systematic Strategies LLC now owns 64,743 shares of the company’s stock worth $3,860,000 after purchasing an additional 49,506 shares during the period. Marshall Wace LLP bought a new stake in Donnelley Financial Solutions during the second quarter worth approximately $346,000. Public Sector Pension Investment Board lifted its holdings in shares of Donnelley Financial Solutions by 8.0% during the second quarter. Public Sector Pension Investment Board now owns 54,784 shares of the company’s stock worth $3,266,000 after buying an additional 4,066 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Donnelley Financial Solutions by 45.3% during the second quarter. Sei Investments Co. now owns 49,644 shares of the company’s stock worth $2,960,000 after buying an additional 15,467 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $65.29 on Wednesday. The business has a fifty day simple moving average of $65.63 and a 200 day simple moving average of $63.00. 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 $1.91 billion, a price-to-earnings ratio of 19.91 and a beta of 1.35. Donnelley Financial Solutions, Inc. has a one year low of $51.06 and a one year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. The business had revenue of $242.70 million during 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%. Sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current year.

Insider Activity at Donnelley Financial Solutions

In related news, insider Eric J. Johnson sold 8,823 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total value of $553,819.71. Following the completion of the transaction, the insider now directly owns 124,186 shares in the company, valued at approximately $7,795,155.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 114,655 shares of the stock in a transaction 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 transaction, the director now directly owns 1,008,206 shares in the company, valued at $67,973,248.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric J. Johnson sold 8,823 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total value of $553,819.71. Following the transaction, the insider now owns 124,186 shares of the company’s stock, valued at $7,795,155.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,744 shares of company stock worth $14,512,108. 11.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on DFIN. Needham & Company LLC reiterated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday, September 27th. DA Davidson upped their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Donnelley Financial Solutions 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).