Donnelley Financial Solutions $DFIN Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing cut its Donnelley Financial Solutions stake by 81.4% in the third quarter, selling 59,513 shares and retaining 13,624 shares worth approximately $643,000. Institutional investors and hedge funds collectively own 93.84% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with a consensus price target of $61.00. Ratings include one Strong Buy, two Buys and two Holds.
• Donnelley Financial Solutions reported quarterly EPS of $1.76, beating estimates by $0.13, while revenue rose 2.8% year over year to $224.2 million. A company director also purchased 5,780 shares, increasing his ownership by 30.54%.

Inspire Investing LLC reduced its position in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 81.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,624 shares of the company's stock after selling 59,513 shares during the period. Inspire Investing LLC owned about 0.06% of Donnelley Financial Solutions worth $643,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Crescent Grove Advisors LLC acquired a new stake in Donnelley Financial Solutions during the 3rd quarter worth approximately $212,000. Nisa Investment Advisors LLC boosted its stake in shares of Donnelley Financial Solutions by 78.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock valued at $51,000 after purchasing an additional 478 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of Donnelley Financial Solutions during the third quarter worth $35,000. NorthCrest Asset Manangement LLC raised its position in Donnelley Financial Solutions by 5.2% in 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. Finally, Farther Finance Advisors LLC boosted its position in Donnelley Financial Solutions by 330.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 650 shares of the company's stock worth $31,000 after buying an additional 499 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen lowered Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 11th. Needham & Company LLC restated a "buy" rating and issued a $60.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, September 21st. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. Finally, Zacks Research downgraded 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Joseph Leo Binz acquired 5,780 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average price of $47.75 per share, with a total value of $275,995.00. Following the purchase, the director owned 24,704 shares of the company's stock, valued at approximately $1,179,616. This trade represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.20% of the company's stock.

Donnelley Financial Solutions Trading Down 1.2%

Shares of Donnelley Financial Solutions stock opened at $52.84 on Thursday. The company's 50-day moving average price is $49.42 and its 200-day moving average price is $47.23. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $56.33. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 36.44 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The firm had revenue of $224.20 million during the quarter, compared to analyst estimates of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 EPS. On average, equities analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Donnelley Financial Solutions 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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