Dynamic Technology Lab Private Ltd Increases Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Dynamic Technology Lab Private Ltd grew its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 106.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,836 shares of the company’s stock after purchasing an additional 9,197 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.06% of Donnelley Financial Solutions worth $1,174,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its holdings in Donnelley Financial Solutions by 72.3% during the 2nd 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. Farther Finance Advisors LLC increased its position in shares of Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after acquiring an additional 422 shares during the period. Quarry LP raised its stake in shares of Donnelley Financial Solutions by 492.9% in the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares in the last quarter. nVerses Capital LLC purchased a new position in Donnelley Financial Solutions in the second quarter valued at $48,000. Finally, Quest Partners LLC acquired a new position in Donnelley Financial Solutions during the 2nd quarter worth $197,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Down 1.5 %

Donnelley Financial Solutions stock opened at $60.31 on Wednesday. The stock’s fifty day moving average is $63.88 and its two-hundred day moving average is $63.17. The stock has a market cap of $1.74 billion, a PE ratio of 18.77 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 current ratio of 1.15 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last issued its 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 for the quarter, compared to analyst estimates of $181.55 million. During the same period last year, the business posted $0.58 EPS. Donnelley Financial Solutions’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DFIN. B. Riley reduced their price target on 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 issued a $79.00 target price on shares of Donnelley Financial Solutions in a report on Friday, November 1st. Finally, DA Davidson boosted their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 400 shares of the company’s stock in a transaction on Monday, September 16th. The shares were 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 owns 524,791 shares in the company, valued at $36,740,617.91. This represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 1,008,206 shares in the company, valued at $67,973,248.52. The trade was a 10.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 425,331 shares of company stock valued at $26,738,613 in the last three months. 11.90% of the stock is currently owned by company insiders.

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).