Principal Financial Group Inc. Sells 14,335 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Principal Financial Group Inc. decreased its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,262 shares of the company's stock after selling 14,335 shares during the period. Principal Financial Group Inc. owned 0.44% of Donnelley Financial Solutions worth $8,312,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mawer Investment Management Ltd. raised its stake in Donnelley Financial Solutions by 3.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company's stock valued at $125,864,000 after purchasing an additional 68,908 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of 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 worth $68,727,000 after purchasing an additional 152,867 shares in the last quarter. State Street Corp increased its position in shares of Donnelley Financial Solutions by 0.4% during the third quarter. State Street Corp now owns 1,060,700 shares of the company's stock valued at $69,826,000 after purchasing an additional 4,279 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Donnelley Financial Solutions by 2.8% in the third 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in Donnelley Financial Solutions by 3.6% in the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company's stock worth $39,061,000 after purchasing an additional 20,652 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DFIN has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. B. Riley decreased 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.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CFO David A. Gardella sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the transaction, the chief financial officer now directly owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the sale, the director now directly owns 774,165 shares of the company's stock, valued at approximately $45,265,427.55. This represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company's stock.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN traded down $0.22 on Wednesday, hitting $62.73. The stock had a trading volume of 374,910 shares, compared to its average volume of 176,059. The firm's 50 day moving average price is $61.23 and its 200-day moving average price is $63.24. 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, Inc. has a twelve month low of $56.02 and a twelve month high of $71.01. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 19.60 and a beta of 1.39.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.48 EPS 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 analyst estimates of $181.55 million. During the same quarter last year, the firm earned $0.58 earnings per share. Donnelley Financial Solutions's quarterly revenue was down .3% on a year-over-year basis. On average, equities research analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current 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).