Mawer Investment Management Ltd. Reduces Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Mawer Investment Management Ltd. trimmed its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,021,103 shares of the company's stock after selling 90,009 shares during the quarter. Mawer Investment Management Ltd. owned 7.00% of Donnelley Financial Solutions worth $133,049,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DFIN. Thrivent Financial for Lutherans raised its holdings in Donnelley Financial Solutions by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock valued at $1,381,000 after buying an additional 289 shares during the period. Empowered Funds LLC raised its stake in shares of Donnelley Financial Solutions by 3.1% in the third quarter. Empowered Funds LLC now owns 10,768 shares of the company's stock valued at $709,000 after acquiring an additional 320 shares during the period. Aigen Investment Management LP bought a new stake in shares of Donnelley Financial Solutions in the 3rd quarter worth about $248,000. Los Angeles Capital Management LLC boosted its stake in shares of Donnelley Financial Solutions by 49.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 8,661 shares of the company's stock worth $570,000 after purchasing an additional 2,885 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth about $225,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Trading Down 0.8 %

Donnelley Financial Solutions stock traded down $0.49 during trading hours on Monday, hitting $59.91. The company had a trading volume of 123,855 shares, compared to its average volume of 171,081. The firm has a market cap of $1.73 billion, a P/E ratio of 18.72 and a beta of 1.38. The company has a 50-day moving average price of $64.65 and a two-hundred day moving average price of $63.27. 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 quick ratio of 1.15 and a current ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $179.50 million during 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 firm's revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. On average, sell-side analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

DFIN has been the topic of a number of recent analyst reports. B. Riley reduced 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 reissued 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 upped 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.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 2,881 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the sale, the chief executive officer now owns 517,810 shares in the company, valued at $36,262,234.30. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 directly owns 774,165 shares in the company, 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 425,331 shares of company stock valued at $26,738,613. 11.90% of the stock is currently owned by corporate insiders.

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).