Boston Trust Walden Corp Sells 20,954 Shares of Donnelley Financial Solutions $DFIN

Key Points

• Boston Trust Walden cut its Donnelley Financial Solutions stake by 4.7%, selling 20,954 shares in the third quarter; it retained 428,206 shares, valued at about $20.2 million.
• Donnelley Financial Solutions reported quarterly EPS of $1.07, beating the $0.84 consensus, while revenue of $185 million exceeded estimates and rose 5.5% year over year.
• Analyst sentiment is moderately bullish, with an average rating of “Moderate Buy” and a $74 price target. Insiders sold 102,146 shares worth about $6.9 million over the last quarter.

Boston Trust Walden Corp reduced its stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 428,206 shares of the company's stock after selling 20,954 shares during the period. Boston Trust Walden Corp owned 1.74% of Donnelley Financial Solutions worth $20,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in DFIN. Nisa Investment Advisors LLC increased its holdings in shares of Donnelley Financial Solutions by 78.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock valued at $51,000 after buying an additional 478 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Donnelley Financial Solutions by 330.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 650 shares of the company's stock worth $31,000 after acquiring an additional 499 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Donnelley Financial Solutions by 5.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 10,640 shares of the company's stock valued at $534,000 after purchasing an additional 528 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 310.5% during the third quarter. Sterling Capital Management LLC now owns 743 shares of the company's stock valued at $35,000 after purchasing an additional 562 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 93.84% of the company's stock.

Insider Transactions at Donnelley Financial Solutions

In related news, CAO Kami Turner sold 12,100 shares of Donnelley Financial Solutions stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $67.06, for a total value of $811,426.00. Following the completion of the sale, the chief accounting officer directly owned 50,314 shares in the company, valued at $3,374,056.84. This trade represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Leo Binz purchased 5,780 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of $47.75 per share, with a total value of $275,995.00. Following the completion of the purchase, the director owned 24,704 shares of the company's stock, valued at $1,179,616. The trade was a 30.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 102,146 shares of company stock worth $6,898,176. Insiders own 5.20% of the company's stock.

Donnelley Financial Solutions Price Performance

Shares of Donnelley Financial Solutions stock opened at $67.24 on Friday. The firm has a fifty day moving average price of $51.66 and a two-hundred day moving average price of $47.63. Donnelley Financial Solutions has a fifty-two week low of $36.11 and a fifty-two week high of $72.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $1.64 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.10 and a beta of 0.65.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.23. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $179.90 million. During the same period in the previous year, the business earned $0.86 EPS. The firm's revenue was up 5.5% on a year-over-year basis. Analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. DA Davidson boosted their target price on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a "buy" rating in a research note on Monday. Needham & Company LLC increased their price objective on Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, October 30th. Weiss Ratings raised Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. Wall Street Zen raised shares of Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 31st. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Donnelley Financial Solutions presently has an average rating of "Moderate Buy" and an average price target of $74.00.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc NYSE: DFIN provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company's offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.

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