Eagle Asset Management Inc. Trims Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Eagle Asset Management Inc. trimmed its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,418 shares of the company's stock after selling 47,475 shares during the period. Eagle Asset Management Inc. owned about 0.56% of Donnelley Financial Solutions worth $9,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DFIN. Mawer Investment Management Ltd. lifted its position in shares of Donnelley Financial Solutions by 3.4% during the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company's stock worth $125,864,000 after purchasing an additional 68,908 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Donnelley Financial Solutions by 15.3% in the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company's stock worth $68,727,000 after buying an additional 152,867 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Donnelley Financial Solutions by 2.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company's stock valued at $59,218,000 after purchasing an additional 24,869 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Donnelley Financial Solutions by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company's stock valued at $23,133,000 after acquiring an additional 19,740 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Donnelley Financial Solutions by 1,178.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company's stock worth $20,381,000 after purchasing an additional 302,957 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jeffrey Jacobowitz sold 73,354 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the sale, the director now owns 1,203,451 shares in the company, valued at approximately $83,579,671.95. This trade represents a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Leib sold 2,881 shares of the stock in a transaction dated Wednesday, September 18th. The stock was 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 $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. In the last three months, insiders sold 425,331 shares of company stock worth $26,738,613. Company insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DFIN shares. Needham & Company LLC restated a "buy" rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday, November 1st. B. Riley dropped their price target on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. 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 report on Thursday, August 1st.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock traded up $0.01 during midday trading on Friday, hitting $61.50. 346,380 shares of the company's stock were exchanged, compared to its average volume of 218,933. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 19.22 and a beta of 1.38. The firm's 50 day simple moving average is $64.05 and its 200 day simple moving average is $63.18. 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 released its earnings results 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). 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 quarter in the previous year, the firm posted $0.58 EPS. The business's revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

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).