Farther Finance Advisors LLC Buys 422 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Farther Finance Advisors LLC grew its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 781.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476 shares of the company’s stock after purchasing an additional 422 shares during the quarter. Farther Finance Advisors LLC’s holdings in Donnelley Financial Solutions were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. CWM LLC raised its holdings in 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 acquiring an additional 198 shares during the period. Quarry LP lifted its holdings in Donnelley Financial Solutions by 492.9% during the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after purchasing an additional 621 shares during the last quarter. nVerses Capital LLC acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth approximately $48,000. Quest Partners LLC bought a new stake in Donnelley Financial Solutions in the 2nd quarter valued at $197,000. Finally, Caprock Group LLC acquired a new position in Donnelley Financial Solutions in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey Jacobowitz sold 234,041 shares of the 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 completion of the transaction, the director now owns 774,165 shares of the company’s stock, valued at approximately $45,265,427.55. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Leib sold 2,881 shares of Donnelley Financial Solutions stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total transaction of $201,756.43. Following the sale, the chief executive officer now directly owns 517,810 shares in the company, valued at $36,262,234.30. This trade represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 425,331 shares of company stock worth $26,738,613 over the last three months. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DFIN shares. DA Davidson boosted their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. B. Riley lowered 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 report on Tuesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Donnelley Financial Solutions Stock Down 2.2 %

DFIN stock opened at $60.89 on Friday. Donnelley Financial Solutions, Inc. has a 52 week low of $55.64 and a 52 week high of $71.01. The business has a 50-day simple moving average of $64.83 and a 200 day simple moving average of $63.28. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.76 billion, a PE ratio of 19.04 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last issued 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 firm had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. Donnelley Financial Solutions’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Sell-side analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

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).