Burney Co. Sells 14,390 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Burney Co. cut its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,421 shares of the company’s stock after selling 14,390 shares during the quarter. Burney Co.’s holdings in Donnelley Financial Solutions were worth $10,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in shares of Donnelley Financial Solutions by 1.4% in 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. Inspire Investing LLC increased its position in shares of Donnelley Financial Solutions by 5.2% during the third quarter. Inspire Investing LLC now owns 6,236 shares of the company’s stock valued at $411,000 after acquiring an additional 310 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Donnelley Financial Solutions by 3.1% in the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after purchasing an additional 320 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Donnelley Financial Solutions by 3.2% during the third quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock valued at $849,000 after purchasing an additional 400 shares during the last quarter. Finally, Ellsworth Advisors LLC boosted its position in Donnelley Financial Solutions by 4.4% during the third quarter. Ellsworth Advisors LLC now owns 9,824 shares of the company’s stock worth $647,000 after purchasing an additional 415 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey Jacobowitz sold 234,041 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the sale, the director now owns 774,165 shares of the company’s stock, valued at approximately $45,265,427.55. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David A. Gardella sold 3,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $61.99 on Wednesday. The company’s fifty day moving average is $60.97 and its 200 day moving average is $63.33. Donnelley Financial Solutions, Inc. has a 52 week low of $56.02 and a 52 week high of $71.01. The stock has a market cap of $1.79 billion, a PE ratio of 19.37 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data 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). The company had revenue of $179.50 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS. Research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. B. Riley lowered their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a research report 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).