SkyOak Wealth LLC Makes New Investment in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

SkyOak Wealth LLC acquired a new position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,040 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Donnelley Financial Solutions in the first quarter valued at about $808,000. Empowered Funds LLC bought a new stake in shares of Donnelley Financial Solutions in the first quarter valued at about $6,041,000. Homestead Advisers Corp boosted its position in shares of Donnelley Financial Solutions by 24.5% in the first quarter. Homestead Advisers Corp now owns 56,900 shares of the company’s stock valued at $3,528,000 after acquiring an additional 11,200 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Donnelley Financial Solutions in the first quarter valued at about $1,694,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 302,957 shares during the period. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Stock Down 2.2 %

DFIN stock opened at $68.33 on Thursday. The company has a market cap of $2.00 billion, a PE ratio of 20.83 and a beta of 1.36. The business has a 50-day simple moving average of $65.50 and a 200 day simple moving average of $62.70. Donnelley Financial Solutions, Inc. has a 52 week low of $50.75 and a 52 week high of $71.01. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.41.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly 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 the consensus estimate 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 anticipate that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. 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 research note on Thursday, August 1st.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 2,881 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the transaction, the chief executive officer now owns 517,810 shares of the company’s stock, valued at $36,262,234.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 2,881 shares of the business’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 completion of the transaction, the chief executive officer now owns 517,810 shares of the company’s stock, valued at $36,262,234.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Clay sold 13,231 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $66.33, for a total value of $877,612.23. Following the transaction, the insider now directly owns 134,965 shares of the company’s stock, valued at approximately $8,952,228.45. The disclosure for this sale can be found here. Insiders sold a total of 25,735 shares of company stock valued at $1,687,632 over the last quarter. 11.90% of the stock is owned by corporate insiders.

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).