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

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

Donnelley Financial Solutions Stock Performance

DFIN stock opened at $63.02 on Friday. The firm has a market cap of $1.86 billion, a PE 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. The business has a 50 day moving average of $62.46 and a 200-day moving average of $60.21. Donnelley Financial Solutions, Inc. has a 12-month low of $40.73 and a 12-month high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). The business 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 revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. As a group, sell-side 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

Several institutional investors have recently modified their holdings of DFIN. Invesco Ltd. grew its holdings in shares of Donnelley Financial Solutions by 207.4% in the third quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock valued at $42,429,000 after acquiring an additional 508,638 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in Donnelley Financial Solutions by 38.4% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,384,369 shares of the company’s stock valued at $86,343,000 after purchasing an additional 383,828 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Donnelley Financial Solutions by 52.0% in the fourth quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock valued at $43,471,000 after purchasing an additional 238,489 shares during the last quarter. Access Investment Management LLC purchased a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $13,606,000. Finally, Envestnet Asset Management Inc. lifted its stake in Donnelley Financial Solutions by 445.4% in the third quarter. Envestnet Asset Management Inc. now owns 138,316 shares of the company’s stock valued at $7,784,000 after purchasing an additional 112,954 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DFIN. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $72.00 in a report on Friday, April 12th. Needham & Company LLC boosted their price objective on Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, B. Riley boosted their price objective on Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday.

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).