Fisher Asset Management LLC Has $5.49 Million Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Fisher Asset Management LLC decreased its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,375 shares of the company’s stock after selling 386 shares during the period. Fisher Asset Management LLC owned approximately 0.29% of Donnelley Financial Solutions worth $5,489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its holdings in shares of Donnelley Financial Solutions by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,884 shares of the company’s stock valued at $1,975,000 after purchasing an additional 1,173 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Donnelley Financial Solutions by 1,178.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after purchasing an additional 302,957 shares during the period. Burney Co. acquired a new position in shares of Donnelley Financial Solutions during the first quarter valued at about $3,774,000. CWM LLC raised its holdings in shares of Donnelley Financial Solutions by 72.3% during the second quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 198 shares during the period. Finally, Diversified Trust Co raised its holdings in shares of Donnelley Financial Solutions by 6.7% during the second quarter. Diversified Trust Co now owns 7,702 shares of the company’s stock valued at $459,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Down 0.8 %

NYSE:DFIN opened at $59.85 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a 50-day moving average of $63.52 and a 200-day moving average of $63.14. The company has a market cap of $1.73 billion, a PE ratio of 18.70 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.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.28). The business had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. As a group, equities research analysts expect that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DFIN. B. Riley dropped their price objective 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 reissued a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a research 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 stock a “buy” rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 400 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.01, for a total value 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 represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. The trade was a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 425,331 shares of company stock valued at $26,738,613. Corporate insiders own 11.90% of the company’s stock.

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).