Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 324.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,743 shares of the company’s stock after purchasing an additional 49,506 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.22% of Donnelley Financial Solutions worth $3,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 198 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Donnelley Financial Solutions by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock worth $745,000 after purchasing an additional 200 shares during the period. SummerHaven Investment Management LLC boosted its position in Donnelley Financial Solutions by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after buying an additional 249 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in Donnelley Financial Solutions by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock worth $1,343,000 after buying an additional 286 shares during the period. Finally, ProShare Advisors LLC raised its position in Donnelley Financial Solutions by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock worth $309,000 after buying an additional 345 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, insider Craig Clay sold 400 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the transaction, the insider now directly owns 148,348 shares of the company’s stock, valued at approximately $9,805,802.80. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Eric J. Johnson sold 8,823 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $62.77, for a total value of $553,819.71. Following the transaction, the insider now directly owns 124,186 shares of the company’s stock, valued at approximately $7,795,155.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Clay sold 400 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.10, for a total value of $26,440.00. Following the sale, the insider now owns 148,348 shares of the company’s stock, valued at $9,805,802.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,744 shares of company stock valued at $14,512,108. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.2 %

Donnelley Financial Solutions stock opened at $65.62 on Friday. The firm has a market cap of $1.92 billion, a PE ratio of 20.01 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 12 month low of $51.06 and a 12 month high of $71.01. The stock’s 50 day simple moving average is $65.98 and its two-hundred day simple moving average is $62.84. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.41.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. The firm had revenue of $242.70 million for the quarter, compared to analysts’ expectations of $247.70 million. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. Analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DFIN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday. DA Davidson lifted their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note 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).