Donnelley Financial Solutions (NYSE:DFIN) Insider Craig Clay Sells 36,028 Shares of Stock

Donnelley Financial Solutions (NYSE:DFIN) insider Craig Clay sold 36,028 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $67.62, for a total transaction of $2,436,213.36. Following the sale, the insider owned 64,050 shares of the company’s stock, valued at $4,331,061. This trade represents a 36.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Craig Clay also recently made the following trade(s):

• On Monday, November 2nd, Craig Clay sold 54,018 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $67.58, for a total transaction of $3,650,536.44.

Donnelley Financial Solutions Trading Up 2.4%

DFIN opened at $69.79 on Thursday. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $72.04. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $51.27 and a 200 day simple moving average of $47.57.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) 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 company 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 firm posted $0.86 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Hedge funds have recently modified their holdings of the company. Lido Advisors LLC grew its stake in shares of Donnelley Financial Solutions by 22.6% in the third quarter. Lido Advisors LLC now owns 9,042 shares of the company’s stock worth $427,000 after purchasing an additional 1,666 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Donnelley Financial Solutions by 495.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,327 shares of the company’s stock valued at $5,809,000 after purchasing an additional 101,794 shares during the period. Commonwealth Equity Services LLC bought a new position in Donnelley Financial Solutions during the 3rd quarter valued at approximately $240,000. Bridge City Capital LLC raised its position in Donnelley Financial Solutions by 18.1% during the 3rd quarter. Bridge City Capital LLC now owns 105,187 shares of the company’s stock valued at $4,964,000 after purchasing an additional 16,122 shares during the last quarter. Finally, Vise Technologies Inc. bought a new position in Donnelley Financial Solutions during the 3rd quarter valued at approximately $209,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Donnelley Financial Solutions

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.