Donnelley Financial Solutions (NYSE:DFIN) Insider Sells 15,204 Shares of Stock

Donnelley Financial Solutions (NYSE:DFIN) insider Eric Johnson sold 15,204 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $66.89, for a total value of $1,016,995.56. Following the completion of the transaction, the insider owned 101,610 shares of the company’s stock, valued at $6,796,692.90. This trade represents a 13.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Donnelley Financial Solutions Trading Up 0.6%

DFIN traded up $0.40 during trading on Tuesday, reaching $67.98. The company had a trading volume of 244,062 shares, compared to its average volume of 279,736. The firm’s 50-day simple moving average is $52.43 and its 200 day simple moving average is $47.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.10 and a beta of 0.65. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $72.04.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $179.90 million. During the same period in the prior year, the firm earned $0.86 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Donnelley Financial Solutions will post 4.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DFIN. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. DA Davidson raised their price objective on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Needham & Company LLC boosted their target price on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 30th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.00.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several large investors have recently made changes to their positions in DFIN. Farther Finance Advisors LLC raised its position in Donnelley Financial Solutions by 330.5% during the third quarter. Farther Finance Advisors LLC now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 499 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth $29,000. Fortitude Family Office LLC bought a new position in shares of Donnelley Financial Solutions during the 3rd quarter valued at $35,000. Sterling Capital Management LLC raised its holdings in shares of Donnelley Financial Solutions by 310.5% during the 3rd quarter. Sterling Capital Management LLC now owns 743 shares of the company’s stock valued at $35,000 after purchasing an additional 562 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at $34,000. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc. provides software and services that help companies and investment firms meet regulatory, compliance and financial-communication requirements. Its offerings include support for preparing and filing regulatory documents, financial reporting and shareholder communications. The company also provides technology for managing regulatory disclosures and transactions, including virtual data rooms used in mergers, acquisitions and other corporate processes. Its clients include public and private companies, investment managers, funds and professional services firms.