Eagle Asset Management Inc. Sells 47,475 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Eagle Asset Management Inc. lowered its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 22.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 160,418 shares of the company’s stock after selling 47,475 shares during the period. Eagle Asset Management Inc.’s holdings in Donnelley Financial Solutions were worth $9,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CWM LLC grew its position in Donnelley Financial Solutions by 72.3% during the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 198 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Donnelley Financial Solutions by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock worth $745,000 after purchasing an additional 200 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Donnelley Financial Solutions by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after purchasing an additional 249 shares in the last quarter. Thrivent Financial for Lutherans lifted its position 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 valued at $1,381,000 after purchasing an additional 289 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Donnelley Financial Solutions by 5.2% in the 3rd quarter. Inspire Investing LLC now owns 6,236 shares of the company’s stock worth $411,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DFIN. B. Riley lowered their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. Finally, DA Davidson increased their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other news, Director Jeffrey Jacobowitz sold 73,354 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the completion of the transaction, the director now directly owns 1,203,451 shares of the company’s stock, valued at approximately $83,579,671.95. This represents a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Leib sold 400 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $70.01, for a total value of $28,004.00. Following the completion of the sale, the chief executive officer now directly owns 524,791 shares in the company, valued at $36,740,617.91. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 425,331 shares of company stock valued at $26,738,613 in the last ninety days. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of Donnelley Financial Solutions stock opened at $61.50 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. Donnelley Financial Solutions, Inc. has a 52-week low of $56.02 and a 52-week high of $71.01. The company has a fifty day moving average of $64.05 and a 200-day moving average of $63.18. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 19.22 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). The business 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 business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share. Equities research analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current 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).