Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 10.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,262 shares of the company's stock after selling 14,335 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of Donnelley Financial Solutions worth $8,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in shares of Donnelley Financial Solutions by 5.1% in the first quarter. Swiss National Bank now owns 51,700 shares of the company's stock worth $3,206,000 after buying an additional 2,500 shares in the last quarter. ProShare Advisors LLC raised its stake in Donnelley Financial Solutions by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,989 shares of the company's stock valued at $309,000 after purchasing an additional 345 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Donnelley Financial Solutions by 46.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,399 shares of the company's stock valued at $645,000 after purchasing an additional 3,320 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Donnelley Financial Solutions by 3.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 26,857 shares of the company's stock valued at $1,665,000 after purchasing an additional 869 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Donnelley Financial Solutions during the first quarter worth approximately $303,000. Institutional investors own 93.84% of the company's stock.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded down $0.57 during trading hours on Wednesday, reaching $59.56. 38,011 shares of the stock traded hands, compared to its average volume of 170,144. The company has a 50 day moving average price of $64.42 and a 200 day moving average price of $63.22. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 18.77 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a one year low of $56.02 and a one year high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.28). The company had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The company's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. On average, equities research analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DFIN. B. Riley cut their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reiterated a "buy" rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday, November 1st. Finally, 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 report on Thursday, August 1st.

Insiders Place Their Bets

In other news, Director Jeffrey Jacobowitz sold 234,041 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the sale, the director now directly owns 774,165 shares of the company's stock, valued at $45,265,427.55. This represents a 23.21 % decrease in their position. The sale 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 company's stock in a transaction that occurred 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 sale, the chief executive officer now directly 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. Insiders sold 425,331 shares of company stock worth $26,738,613 in the last three months. 11.90% of the stock is owned by company insiders.

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).