Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,606 shares of the company’s stock after selling 370 shares during the period. Amalgamated Bank’s holdings in Donnelley Financial Solutions were worth $453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DFIN. Mawer Investment Management Ltd. boosted its stake in Donnelley Financial Solutions by 47.5% during the first quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock worth $126,637,000 after buying an additional 657,835 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Donnelley Financial Solutions by 1,178.5% in 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. American Century Companies Inc. raised its position in Donnelley Financial Solutions by 15.3% in the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after purchasing an additional 152,867 shares during the period. Burney Co. raised its position in Donnelley Financial Solutions by 193.3% in the second quarter. Burney Co. now owns 178,524 shares of the company’s stock valued at $10,644,000 after purchasing an additional 117,662 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Donnelley Financial Solutions in the first quarter valued at $6,041,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

DFIN stock opened at $65.62 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.41. The company has a market capitalization 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 business’s fifty day moving average price is $65.98 and its 200 day moving average price is $62.82.

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

Insider Activity at Donnelley Financial Solutions

In related news, Director Jeffrey Jacobowitz sold 114,655 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $67.42, for a total value of $7,730,040.10. Following the sale, the director now owns 1,008,206 shares in the company, valued at approximately $67,973,248.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Donnelley Financial Solutions news, insider Craig Clay sold 13,231 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $66.33, for a total transaction of $877,612.23. Following the sale, the insider now owns 134,965 shares in the company, valued at approximately $8,952,228.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $67.42, for a total value of $7,730,040.10. Following the sale, the director now owns 1,008,206 shares in the company, valued at approximately $67,973,248.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,744 shares of company stock worth $14,512,108. 11.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday. DA Davidson lifted their target price on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report 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).