Intech Investment Management LLC Cuts Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Intech Investment Management LLC decreased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,233 shares of the company’s stock after selling 458 shares during the period. Intech Investment Management LLC’s holdings in Donnelley Financial Solutions were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DFIN. Price T Rowe Associates Inc. MD raised its stake in Donnelley Financial Solutions by 1,178.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after buying an additional 302,957 shares during the last quarter. CWM LLC raised its position in shares of Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 198 shares during the last quarter. Diversified Trust Co boosted its stake in Donnelley Financial Solutions by 6.7% in the 2nd quarter. Diversified Trust Co now owns 7,702 shares of the company’s stock worth $459,000 after purchasing an additional 484 shares in the last quarter. Ellsworth Advisors LLC grew its position in Donnelley Financial Solutions by 6.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 9,409 shares of the company’s stock worth $561,000 after purchasing an additional 562 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in Donnelley Financial Solutions by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after purchasing an additional 249 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Daniel Leib sold 2,881 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total transaction of $201,756.43. Following the sale, the chief executive officer now owns 517,810 shares of the company’s stock, valued at approximately $36,262,234.30. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the transaction, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This trade represents a 23.21 % 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 Stock Up 0.7 %

Shares of DFIN stock opened at $60.25 on Friday. The stock has a market cap of $1.74 billion, a P/E ratio of 18.83 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a twelve month low of $56.02 and a twelve month high of $71.01. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $63.19 and a 200 day moving average of $63.12.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DFIN shares. B. Riley dropped their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, November 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).