Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 61.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,257 shares of the company’s stock after selling 2,042 shares during the quarter. Quest Partners LLC’s holdings in Donnelley Financial Solutions were worth $83,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in Donnelley Financial Solutions by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock worth $1,381,000 after acquiring an additional 289 shares during the period. Empowered Funds LLC raised its stake in Donnelley Financial Solutions by 3.1% during the third quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after acquiring an additional 320 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at approximately $248,000. Los Angeles Capital Management LLC increased its stake in shares of Donnelley Financial Solutions by 49.9% in the third quarter. Los Angeles Capital Management LLC now owns 8,661 shares of the company’s stock valued at $570,000 after purchasing an additional 2,885 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at approximately $225,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.7 %

Shares of NYSE:DFIN opened at $60.25 on Friday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.83 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 has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50 day moving average price of $63.19 and a 200 day moving average price of $63.11.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. During the same period in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Insider Activity

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 2,881 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the sale, the director now owns 774,165 shares in the company, valued at $45,265,427.55. This represents a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 425,331 shares of company stock worth $26,738,613. 11.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DFIN. B. Riley dropped their price target 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 restated 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 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).