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

Dynamic Technology Lab Private Ltd lifted its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 106.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,836 shares of the company's stock after buying an additional 9,197 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Donnelley Financial Solutions worth $1,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of Donnelley Financial Solutions by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company's stock worth $23,133,000 after acquiring an additional 19,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Donnelley Financial Solutions by 10.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,678 shares of the company's stock worth $1,098,000 after acquiring an additional 1,604 shares during the period. Thrivent Financial for Lutherans lifted its position in Donnelley Financial Solutions by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock valued at $1,381,000 after purchasing an additional 289 shares during the period. Empowered Funds LLC lifted its position in 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 purchasing an additional 320 shares during the period. Finally, Aigen Investment Management LP acquired a new position in Donnelley Financial Solutions during the 3rd quarter worth approximately $248,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DFIN shares. B. Riley dropped their price objective on 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 reaffirmed 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 raised their price objective on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, August 1st.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the transaction, the director now owns 774,165 shares of the company's stock, valued at approximately $45,265,427.55. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Daniel Leib sold 2,881 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was 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 directly owns 517,810 shares of the company's stock, valued at approximately $36,262,234.30. This trade represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 425,331 shares of company stock worth $26,738,613. Insiders own 11.90% of the company's stock.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $60.31 on Wednesday. The business has a 50 day moving average price of $63.88 and a 200 day moving average price of $63.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $1.74 billion, a P/E ratio of 18.85 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.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.28). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The firm had revenue of $179.50 million during the quarter, compared to analysts' expectations of $181.55 million. During the same quarter in the prior year, the business earned $0.58 EPS. The company's quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

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).