Geode Capital Management LLC Boosts Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Geode Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 593,239 shares of the company’s stock after purchasing an additional 20,652 shares during the period. Geode Capital Management LLC owned about 2.06% of Donnelley Financial Solutions worth $39,061,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Donnelley Financial Solutions by 15.3% during the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after buying an additional 152,867 shares during the last quarter. Millennium Management LLC grew its position in Donnelley Financial Solutions by 108.9% during the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after acquiring an additional 131,994 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in Donnelley Financial Solutions by 3.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after purchasing an additional 68,908 shares during the period. Great Lakes Advisors LLC lifted its position in Donnelley Financial Solutions by 1,500.4% in the second quarter. Great Lakes Advisors LLC now owns 71,537 shares of the company’s stock valued at $4,265,000 after purchasing an additional 67,067 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Donnelley Financial Solutions by 608.0% during the third quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock valued at $4,406,000 after purchasing an additional 57,477 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey Jacobowitz sold 234,041 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DFIN shares. B. Riley decreased their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Donnelley Financial Solutions Price Performance

DFIN opened at $61.78 on Wednesday. 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 market capitalization of $1.78 billion, a PE ratio of 19.31 and a beta of 1.39. The stock’s 50 day moving average price is $61.67 and its 200-day moving average price is $63.06. Donnelley Financial Solutions, Inc. has a 52-week low of $56.02 and a 52-week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). The company had revenue of $179.50 million for the quarter, compared to analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The firm’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 posted $0.58 earnings per share. On average, equities research analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

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).