abrdn plc Sells 37,168 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

abrdn plc trimmed its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,543 shares of the company's stock after selling 37,168 shares during the quarter. abrdn plc owned about 1.49% of Donnelley Financial Solutions worth $28,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Mawer Investment Management Ltd. raised its holdings in Donnelley Financial Solutions by 3.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company's stock worth $125,864,000 after buying an additional 68,908 shares during the last quarter. American Century Companies Inc. boosted its stake in Donnelley Financial Solutions by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company's stock valued at $68,727,000 after purchasing an additional 152,867 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Donnelley Financial Solutions by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 445,815 shares of the company's stock worth $27,645,000 after purchasing an additional 3,416 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Donnelley Financial Solutions by 1,178.5% in 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 during the last quarter. Finally, Millennium Management LLC increased its holdings in Donnelley Financial Solutions by 108.9% in the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company's stock worth $15,094,000 after buying an additional 131,994 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jeffrey Jacobowitz sold 114,655 shares of the 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 completion of the sale, the director now directly owns 1,008,206 shares of the company's stock, valued at $67,973,248.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Jeffrey Jacobowitz sold 114,655 shares of the 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 completion of the sale, the director now directly owns 1,008,206 shares of the company's stock, valued at $67,973,248.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Leib sold 400 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.01, for a total transaction of $28,004.00. Following the completion of the sale, the chief executive officer now directly owns 524,791 shares of the company's stock, valued at approximately $36,740,617.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,113 shares of company stock worth $13,608,056. Company insiders own 11.90% of the company's stock.

Donnelley Financial Solutions Stock Performance

DFIN traded down $4.88 during trading on Thursday, hitting $59.00. The company's stock had a trading volume of 99,146 shares, compared to its average volume of 165,330. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.41. Donnelley Financial Solutions, Inc. has a one year low of $52.52 and a one year high of $71.01. The firm has a market cap of $1.73 billion, a PE ratio of 18.13 and a beta of 1.35. The business's 50 day simple moving average is $65.97 and its 200-day simple moving average is $63.43.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $242.70 million for the quarter, compared to the consensus estimate of $247.70 million. As a group, sell-side analysts predict that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DFIN shares. DA Davidson boosted their target price 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. Needham & Company LLC reissued a "buy" rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a report on Friday, September 27th.

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).