Insider Selling: Donnelley Financial Solutions, Inc. (NYSE:DFIN) Insider Sells $26,440.00 in Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) insider Craig Clay sold 400 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the transaction, the insider now directly owns 148,348 shares of the company’s stock, valued at $9,805,802.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 22nd, Craig Clay sold 13,231 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $66.33, for a total value of $877,612.23.
• On Wednesday, April 24th, Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $66.02, for a total transaction of $376,181.96.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $66.20 on Thursday. The firm’s fifty day moving average is $60.67 and its two-hundred day moving average is $61.80. Donnelley Financial Solutions, Inc. has a 52-week low of $46.04 and a 52-week high of $68.94. The company has a market cap of $1.94 billion, a P/E ratio of 20.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.49 and a current ratio of 1.49.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.25. The business had revenue of $203.40 million for the quarter, compared to the consensus estimate of $214.10 million. Donnelley Financial Solutions had a return on equity of 24.68% and a net margin of 12.43%. As a group, analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently added to or reduced their stakes in DFIN. Mawer Investment Management Ltd. lifted its holdings in shares of Donnelley Financial Solutions by 47.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock worth $126,637,000 after buying an additional 657,835 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Donnelley Financial Solutions by 1,178.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after acquiring an additional 302,957 shares in 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 worth $43,471,000 after acquiring an additional 238,489 shares during the period. Access Investment Management LLC bought a new position in Donnelley Financial Solutions during the 4th quarter worth about $13,606,000. Finally, Empowered Funds LLC purchased a new position in Donnelley Financial Solutions during the 1st quarter valued at about $6,041,000. 93.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DFIN. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, May 1st. DA Davidson upgraded shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $72.00 in a report on Friday, April 12th. Finally, B. Riley boosted their target price on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, April 25th.

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).