Atria Investments Inc Purchases Shares of 3,420 Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Atria Investments Inc acquired a new position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,420 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position 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 worth $20,381,000 after purchasing an additional 302,957 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Donnelley Financial Solutions by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after buying an additional 152,867 shares during the last quarter. Millennium Management LLC raised its position in shares of Donnelley Financial Solutions by 108.9% during the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after buying an additional 131,994 shares in the last quarter. Burney Co. lifted its holdings in shares of Donnelley Financial Solutions by 193.3% in the 2nd quarter. Burney Co. now owns 178,524 shares of the company’s stock valued at $10,644,000 after acquiring an additional 117,662 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its position in Donnelley Financial Solutions by 3.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after acquiring an additional 68,908 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $61.50 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $1.77 billion, a P/E ratio of 19.21 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a 1-year low of $56.02 and a 1-year high of $71.01. The company’s 50-day moving average is $64.05 and its 200 day moving average is $63.18.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results 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). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The business had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts forecast 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 issued reports on the company. 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. B. Riley decreased their price target on 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, DA Davidson lifted their price objective 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.

Insiders Place Their Bets

In other Donnelley Financial Solutions 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 transaction, the director now directly owns 774,165 shares in the company, valued at $45,265,427.55. This represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 of the company’s stock, valued at $36,262,234.30. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 425,331 shares of company stock worth $26,738,613 over the last quarter. 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).