Empowered Funds LLC Increases Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Empowered Funds LLC raised its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,768 shares of the company’s stock after acquiring an additional 320 shares during the period. Empowered Funds LLC’s holdings in Donnelley Financial Solutions were worth $709,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. CWM LLC raised its holdings in Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 198 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Donnelley Financial Solutions by 781.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after acquiring an additional 422 shares during the last quarter. Quarry LP lifted its position in Donnelley Financial Solutions by 492.9% in the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth $48,000. Finally, Quest Partners LLC purchased a new position in shares of Donnelley Financial Solutions in the second quarter worth $197,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. B. Riley dropped their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson lifted their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, November 1st.

Donnelley Financial Solutions Stock Up 0.0 %

Donnelley Financial Solutions stock opened at $61.50 on Friday. The stock has a market cap of $1.77 billion, a PE ratio of 19.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a fifty day moving average of $64.05 and a 200 day moving average of $63.18. Donnelley Financial Solutions, Inc. has a one year low of $56.02 and a one year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). The business had revenue of $179.50 million during the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. Donnelley Financial Solutions’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. As a group, sell-side analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the transaction, the director now directly owns 774,165 shares in the company, valued at approximately $45,265,427.55. The trade was a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel Leib sold 2,881 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 directly owns 517,810 shares of the company’s stock, valued at $36,262,234.30. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 425,331 shares of company stock worth $26,738,613. Company 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).