Donnelley Financial Solutions (NYSE:DFIN) Reaches New 1-Year High at $64.80

Donnelley Financial Solutions, Inc. (NYSE:DFINGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $64.80 and last traded at $64.50, with a volume of 6892 shares traded. The stock had previously closed at $64.29.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their price objective on Donnelley Financial Solutions from $54.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, January 12th.

View Our Latest Report on Donnelley Financial Solutions

Donnelley Financial Solutions Price Performance

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $61.70 and a 200 day simple moving average of $55.42. The company has a market cap of $1.89 billion, a PE ratio of 23.83 and a beta of 1.51.

Insider Activity

In related news, Director Jeffrey Jacobowitz sold 102,064 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $58.93, for a total value of $6,014,631.52. Following the transaction, the director now directly owns 2,486,263 shares of the company’s stock, valued at approximately $146,515,478.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 5,685 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $54.74, for a total transaction of $311,196.90. Following the completion of the sale, the chief executive officer now directly owns 567,474 shares in the company, valued at $31,063,526.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Jacobowitz sold 102,064 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $58.93, for a total transaction of $6,014,631.52. Following the completion of the sale, the director now owns 2,486,263 shares of the company’s stock, valued at approximately $146,515,478.59. The disclosure for this sale can be found here. In the last three months, insiders sold 230,338 shares of company stock valued at $13,436,673. Insiders own 13.60% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Donnelley Financial Solutions by 5.4% during the first quarter. Envestnet Asset Management Inc. now owns 7,040 shares of the company’s stock worth $234,000 after purchasing an additional 363 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Donnelley Financial Solutions by 4.3% during the 1st quarter. JPMorgan Chase & Co. now owns 396,944 shares of the company’s stock worth $13,203,000 after acquiring an additional 16,241 shares during the period. Raymond James & Associates increased its position in Donnelley Financial Solutions by 13.6% during the 1st quarter. Raymond James & Associates now owns 67,692 shares of the company’s stock worth $2,251,000 after purchasing an additional 8,094 shares in the last quarter. Citigroup Inc. increased its position in Donnelley Financial Solutions by 8.4% in the 1st quarter. Citigroup Inc. now owns 28,882 shares of the company’s stock valued at $960,000 after acquiring an additional 2,228 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Donnelley Financial Solutions by 5.4% during the first quarter. Bank of Montreal Can now owns 8,306 shares of the company’s stock worth $284,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Donnelley Financial Solutions

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Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company 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).

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