Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,443 shares of the company’s stock after selling 864 shares during the period. Public Employees Retirement System of Ohio owned 0.19% of Donnelley Financial Solutions worth $3,518,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in Donnelley Financial Solutions during the 3rd quarter valued at approximately $377,000. Castleark Management LLC boosted its holdings in shares of Donnelley Financial Solutions by 0.9% during the third quarter. Castleark Management LLC now owns 58,620 shares of the company’s stock valued at $3,859,000 after acquiring an additional 540 shares during the period. Jane Street Group LLC grew its position in shares of Donnelley Financial Solutions by 608.0% during the third quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after acquiring an additional 57,477 shares during the last quarter. State Street Corp increased its holdings in shares of Donnelley Financial Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock worth $69,826,000 after acquiring an additional 4,279 shares during the period. Finally, Stifel Financial Corp lifted its position in Donnelley Financial Solutions by 108.0% in the 3rd quarter. Stifel Financial Corp now owns 11,091 shares of the company’s stock valued at $730,000 after purchasing an additional 5,759 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on DFIN. Needham & Company LLC restated a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research report 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 on the stock in a research report on Tuesday, November 5th.

Donnelley Financial Solutions Stock Up 1.6 %

Donnelley Financial Solutions stock opened at $62.04 on Monday. 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 price-to-earnings ratio of 19.39 and a beta of 1.39. The company’s 50-day moving average price is $62.13 and its two-hundred day moving average price is $63.01. 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 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). The company had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. Donnelley Financial Solutions’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. On average, analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 2,881 shares of Donnelley Financial Solutions stock in a transaction that occurred 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 transaction, the chief executive officer now owns 517,810 shares in the company, valued at approximately $36,262,234.30. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the sale, the director now owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 424,931 shares of company stock valued at $26,710,609. Corporate insiders own 11.90% of the company’s stock.

About Donnelley Financial Solutions

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).