Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz Sells 132,056 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 132,056 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $63.62, for a total transaction of $8,401,402.72. Following the sale, the director now directly owns 2,100,431 shares of the company’s stock, valued at $133,629,420.22. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Wednesday, May 8th, Jeffrey Jacobowitz sold 106,093 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $62.36, for a total transaction of $6,615,959.48.

Donnelley Financial Solutions Stock Down 0.3 %

Donnelley Financial Solutions stock traded down $0.17 during midday trading on Wednesday, hitting $62.72. The stock had a trading volume of 279,561 shares, compared to its average volume of 192,325. The business has a fifty day moving average price of $62.37 and a 200 day moving average price of $60.74. Donnelley Financial Solutions, Inc. has a 12 month low of $41.74 and a 12 month high of $66.21. The stock has a market cap of $1.84 billion, a P/E ratio of 19.21 and a beta of 1.49. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.50.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. Research analysts predict that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

DFIN has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Wednesday, May 1st. B. Riley raised their price target on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $60.00 to $72.00 in a report on Friday, April 12th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DFIN. SummerHaven Investment Management LLC increased its position in Donnelley Financial Solutions by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 15,436 shares of the company’s stock worth $963,000 after buying an additional 178 shares during the period. Diversified Trust Co grew its position in Donnelley Financial Solutions by 4.0% in the 4th quarter. Diversified Trust Co now owns 7,076 shares of the company’s stock worth $441,000 after purchasing an additional 269 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Donnelley Financial Solutions by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock valued at $1,343,000 after purchasing an additional 286 shares during the period. ProShare Advisors LLC raised 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 buying an additional 345 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Donnelley Financial Solutions by 1.2% in the third quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after purchasing an additional 398 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

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).