Allspring Global Investments Holdings LLC Purchases 22,390 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Allspring Global Investments Holdings LLC increased its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 16.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,590 shares of the company's stock after purchasing an additional 22,390 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.54% of Donnelley Financial Solutions worth $10,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. CWM LLC raised its holdings in Donnelley Financial Solutions by 72.3% during the 2nd quarter. CWM LLC now owns 472 shares of the company's stock worth $28,000 after buying an additional 198 shares during the period. Quarry LP grew its position in Donnelley Financial Solutions by 492.9% during the 2nd quarter. Quarry LP now owns 747 shares of the company's stock worth $45,000 after purchasing an additional 621 shares in the last quarter. nVerses Capital LLC acquired a new stake in Donnelley Financial Solutions during the 2nd quarter valued at $48,000. Quest Partners LLC acquired a new stake in shares of Donnelley Financial Solutions in the second quarter worth $197,000. Finally, Caprock Group LLC purchased a new position in shares of Donnelley Financial Solutions during the second quarter valued at $201,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DFIN has been the subject of a number of research reports. Needham & Company LLC restated a "buy" rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, September 27th. DA Davidson boosted 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 report on Thursday, August 1st.

Insider Buying and Selling

In related news, Director Jeffrey Jacobowitz sold 114,655 shares of the firm's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $67.42, for a total value of $7,730,040.10. Following the transaction, the director now directly owns 1,008,206 shares in the company, valued at approximately $67,973,248.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Jeffrey Jacobowitz sold 114,655 shares of the business's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the completion of the transaction, the director now owns 1,008,206 shares of the company's stock, valued at approximately $67,973,248.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel Leib sold 400 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.01, for a total value of $28,004.00. Following the sale, the chief executive officer now owns 524,791 shares of the company's stock, valued at approximately $36,740,617.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 200,113 shares of company stock worth $13,608,056. 11.90% of the stock is currently owned by insiders.

Donnelley Financial Solutions Stock Up 1.0 %

Shares of NYSE DFIN traded up $0.61 during trading hours on Friday, hitting $63.97. The stock had a trading volume of 232,182 shares, compared to its average volume of 165,918. The company has a market capitalization of $1.88 billion, a P/E ratio of 19.50 and a beta of 1.35. The firm's 50-day moving average price is $66.05 and its two-hundred day moving average price is $63.39. 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, Inc. has a 52 week low of $51.06 and a 52 week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.50 earnings per share (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. Analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal 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).