Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Simcoe Capital Management LLC

Simcoe Capital Management LLC lessened its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 21.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,008,206 shares of the company's stock after selling 268,599 shares during the period. Donnelley Financial Solutions accounts for approximately 8.7% of Simcoe Capital Management LLC's investment portfolio, making the stock its 5th biggest holding. Simcoe Capital Management LLC owned approximately 3.49% of Donnelley Financial Solutions worth $66,370,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DFIN. Martingale Asset Management L P increased its position in Donnelley Financial Solutions by 12.0% during the third quarter. Martingale Asset Management L P now owns 28,429 shares of the company's stock worth $1,871,000 after buying an additional 3,042 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Donnelley Financial Solutions by 3.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 56,684 shares of the company's stock valued at $3,732,000 after acquiring an additional 1,900 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Donnelley Financial Solutions by 106.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company's stock valued at $1,174,000 after purchasing an additional 9,197 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Donnelley Financial Solutions by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company's stock worth $23,133,000 after purchasing an additional 19,740 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Donnelley Financial Solutions by 10.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,678 shares of the company's stock worth $1,098,000 after purchasing an additional 1,604 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company's stock.

Donnelley Financial Solutions Stock Performance

NYSE DFIN traded down $0.43 during trading hours on Monday, hitting $59.82. 72,757 shares of the stock were exchanged, compared to its average volume of 169,926. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01. The stock has a 50-day moving average of $63.19 and a 200 day moving average of $63.12. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 18.83 and a beta of 1.38. 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 results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.28). The firm had revenue of $179.50 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. As a group, equities research analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DFIN has been the subject of several recent research reports. B. Riley decreased their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. 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, November 1st.

Insider Buying and Selling

In related news, Director Jeffrey Jacobowitz sold 234,041 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the transaction, the director now directly owns 774,165 shares in the company, valued at approximately $45,265,427.55. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Leib sold 2,881 shares of the firm'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 transaction of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares in the company, valued at $36,262,234.30. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 425,331 shares of company stock worth $26,738,613. 11.90% of the stock is owned by corporate insiders.

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).