Canada Pension Plan Investment Board Invests $984,000 in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Canada Pension Plan Investment Board bought a new stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 16,500 shares of the company's stock, valued at approximately $984,000. Canada Pension Plan Investment Board owned about 0.06% of Donnelley Financial Solutions at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company's stock worth $28,000 after acquiring an additional 198 shares during the last quarter. nVerses Capital LLC acquired a new stake in Donnelley Financial Solutions in the 2nd quarter worth $48,000. Quest Partners LLC bought a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth about $197,000. Caprock Group LLC acquired a new position in shares of Donnelley Financial Solutions during the second quarter valued at about $201,000. Finally, Entropy Technologies LP bought a new stake in shares of Donnelley Financial Solutions in the first quarter valued at about $209,000. Institutional investors own 93.84% of the company's stock.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN traded up $0.11 during midday trading on Friday, reaching $65.62. 105,833 shares of the company's stock were exchanged, compared to its average volume of 167,675. The firm has a market capitalization of $1.92 billion, a PE ratio of 20.01 and a beta of 1.36. The company's 50 day simple moving average is $65.98 and its two-hundred day simple moving average is $62.84. Donnelley Financial Solutions, Inc. has a 12 month low of $51.06 and a 12 month high of $71.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.08. Donnelley Financial Solutions had a net margin of 13.22% and a return on equity of 25.45%. The firm had revenue of $242.70 million during the quarter, compared to analysts' expectations of $247.70 million. Equities research analysts expect that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Daniel Leib sold 2,881 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 517,810 shares in the company, valued at approximately $36,262,234.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Craig Clay sold 400 shares of the firm's stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the sale, the insider now directly owns 148,348 shares of the company's stock, valued at approximately $9,805,802.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 in the company, valued at approximately $36,262,234.30. The disclosure for this sale can be found here. Insiders sold 213,744 shares of company stock worth $14,512,108 in the last 90 days. 11.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DFIN shares. DA Davidson boosted their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC reissued a "buy" rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday.

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).