Atria Investments Inc Takes Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Atria Investments Inc acquired a new position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,420 shares of the company’s stock, valued at approximately $225,000.

A number of other large investors have also made changes to their positions in DFIN. ProShare Advisors LLC increased its holdings in shares of Donnelley Financial Solutions by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock valued at $309,000 after acquiring an additional 345 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Donnelley Financial Solutions by 46.9% in the 1st 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. UniSuper Management Pty Ltd acquired a new position in Donnelley Financial Solutions in the 1st quarter worth about $303,000. CANADA LIFE ASSURANCE Co boosted its position in Donnelley Financial Solutions by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,884 shares of the company’s stock worth $1,975,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Donnelley Financial Solutions by 3.3% in the first quarter. Gamco Investors INC. ET AL now owns 31,425 shares of the company’s stock valued at $1,949,000 after purchasing an additional 1,000 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, Director Jeffrey Jacobowitz sold 114,655 shares of Donnelley Financial Solutions stock in a transaction on 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 transaction, the director now owns 1,008,206 shares in the company, valued at $67,973,248.52. The trade was a 10.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel Leib sold 2,881 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were 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 of the company’s stock, valued at $36,262,234.30. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 425,331 shares of company stock worth $26,738,613. Corporate insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.0 %

DFIN stock opened at $61.50 on Friday. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01. The business’s 50-day moving average is $64.05 and its 200 day moving average is $63.18. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 19.21 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $181.55 million. During the same quarter last year, the business earned $0.58 EPS. The business’s revenue was down .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. B. Riley cut their price target on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, DA Davidson upped their price objective on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

About Donnelley Financial Solutions

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).