Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 10.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,678 shares of the company’s stock after buying an additional 1,604 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Donnelley Financial Solutions worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DFIN. Price T Rowe Associates Inc. MD lifted its position in 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 worth $20,381,000 after buying an additional 302,957 shares in the last quarter. American Century Companies Inc. increased its stake in Donnelley Financial Solutions by 15.3% during the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after acquiring an additional 152,867 shares during the last quarter. Millennium Management LLC increased its stake in Donnelley Financial Solutions by 108.9% during the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after acquiring an additional 131,994 shares during the last quarter. Burney Co. increased its stake in Donnelley Financial Solutions by 193.3% during the second quarter. Burney Co. now owns 178,524 shares of the company’s stock worth $10,644,000 after acquiring an additional 117,662 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in Donnelley Financial Solutions by 3.4% during the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after acquiring an additional 68,908 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Insider Activity

In related news, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel Leib sold 400 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.01, for a total value of $28,004.00. Following the transaction, the chief executive officer now directly owns 524,791 shares of the company’s stock, valued at $36,740,617.91. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 425,331 shares of company stock valued at $26,738,613. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DFIN has been the subject of several recent analyst reports. B. Riley cut their target price on 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 set a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. Finally, DA Davidson raised their target price on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Donnelley Financial Solutions Trading Down 0.8 %

Shares of NYSE DFIN opened at $59.85 on Thursday. Donnelley Financial Solutions, Inc. has a twelve month low of $56.02 and a twelve month high of $71.01. 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 fifty day simple moving average of $63.69 and a 200-day simple moving average of $63.16. The stock has a market capitalization of $1.73 billion, a PE ratio of 18.85 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data 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). 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 period in the previous year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts forecast 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).