Public Sector Pension Investment Board Has $3.73 Million Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Public Sector Pension Investment Board increased its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 3.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 56,684 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. Public Sector Pension Investment Board’s holdings in Donnelley Financial Solutions were worth $3,732,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its stake in shares of 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 valued at $125,864,000 after buying an additional 68,908 shares during the period. American Century Companies Inc. increased its position in Donnelley Financial Solutions by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after purchasing an additional 152,867 shares during the period. Rice Hall James & Associates LLC raised its holdings in Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after purchasing an additional 24,869 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Donnelley Financial Solutions by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock worth $23,133,000 after purchasing an additional 19,740 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Donnelley Financial Solutions by 108.9% in the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after purchasing an additional 131,994 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. B. Riley lowered their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Donnelley Financial Solutions Stock Performance

DFIN opened at $59.68 on Tuesday. Donnelley Financial Solutions, Inc. has a 1-year low of $56.02 and a 1-year high of $71.01. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 18.65 and a beta of 1.38. The company’s fifty day moving average price is $63.05 and its two-hundred day moving average price is $63.10. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

Donnelley Financial Solutions (NYSE:DFIN) last posted 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 business had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, Director Jeffrey Jacobowitz sold 114,655 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the completion of the sale, the director now directly owns 1,008,206 shares of the company’s stock, valued at approximately $67,973,248.52. This trade represents a 10.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel Leib sold 2,881 shares of the company’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 completion of the transaction, the chief executive officer now owns 517,810 shares of the company’s stock, valued at $36,262,234.30. This trade represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 425,331 shares of company stock worth $26,738,613. Corporate insiders own 11.90% of the company’s stock.

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).