Donnelley Financial Solutions, Inc. (NYSE:DFIN) Insider Sells 5,698 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN) insider Craig Clay sold 5,698 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $66.02, for a total transaction of $376,181.96. Following the sale, the insider now directly owns 148,748 shares of the company’s stock, valued at approximately $9,820,342.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Donnelley Financial Solutions Stock Up 1.2 %

NYSE:DFIN traded up $0.76 during trading hours on Friday, reaching $63.02. The company had a trading volume of 153,571 shares, compared to its average volume of 181,634. The business’s 50-day simple moving average is $62.46 and its two-hundred day simple moving average is $60.21. Donnelley Financial Solutions, Inc. has a twelve month low of $40.73 and a twelve month high of $66.21. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 23.25 and a beta of 1.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $176.50 million during the quarter, compared to the consensus estimate of $169.35 million. Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, equities analysts expect that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of large investors have recently modified their holdings of DFIN. SummerHaven Investment Management LLC lifted its position in Donnelley Financial Solutions by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 15,436 shares of the company’s stock valued at $963,000 after acquiring an additional 178 shares in the last quarter. Diversified Trust Co grew its holdings in Donnelley Financial Solutions by 4.0% during the fourth quarter. Diversified Trust Co now owns 7,076 shares of the company’s stock worth $441,000 after buying an additional 269 shares in the last quarter. Assetmark Inc. raised its position in Donnelley Financial Solutions by 1.2% in the 3rd quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock valued at $1,907,000 after buying an additional 398 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Donnelley Financial Solutions by 3.3% during the 4th quarter. Yousif Capital Management LLC now owns 12,754 shares of the company’s stock valued at $795,000 after acquiring an additional 407 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in Donnelley Financial Solutions by 5.0% during the 4th quarter. Natixis Advisors L.P. now owns 11,661 shares of the company’s stock worth $727,000 after acquiring an additional 553 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DFIN shares. DA Davidson upgraded shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $72.00 in a research report on Friday, April 12th. B. Riley upped their price target on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC lifted their price objective on Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st.

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).