World Investment Advisors LLC Acquires Shares of 10,928 Donnelley Financial Solutions, Inc. (NYSE:DFIN)

World Investment Advisors LLC bought a new position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,928 shares of the company’s stock, valued at approximately $719,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted 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 worth $1,174,000 after purchasing an additional 9,197 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in shares of Donnelley Financial Solutions by 1,500.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 71,537 shares of the company’s stock valued at $4,265,000 after purchasing an additional 67,067 shares during the period. Sei Investments Co. boosted its holdings in Donnelley Financial Solutions by 45.3% during the second quarter. Sei Investments Co. now owns 49,644 shares of the company’s stock worth $2,960,000 after buying an additional 15,467 shares in the last quarter. Rice Hall James & Associates LLC grew its position in Donnelley Financial Solutions by 2.8% during the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after buying an additional 24,869 shares during the period. Finally, Empowered Funds LLC increased its holdings in Donnelley Financial Solutions by 3.1% in the third quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock valued at $709,000 after buying an additional 320 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $62.70 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $1.81 billion, a PE ratio of 19.59 and a beta of 1.39. Donnelley Financial Solutions, Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $71.01. The company has a fifty day moving average of $62.08 and a two-hundred day moving average of $63.03.

Donnelley Financial Solutions (NYSE:DFIN) last issued 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). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The company had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. As a group, research analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DFIN has been the topic of a number of analyst reports. B. Riley dropped their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, November 1st.

Insider Activity

In other news, CEO Daniel Leib sold 2,881 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the transaction, the director now owns 1,203,451 shares in the company, valued at $83,579,671.95. The trade was a 5.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 424,931 shares of company stock worth $26,710,609 over the last quarter. 11.90% of the stock is currently 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).