Donnelley Financial Solutions, Inc. (NYSE:DFIN) CFO David A. Gardella Sells 3,000 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN) CFO David A. Gardella sold 3,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now directly owns 197,406 shares in the company, valued at $12,373,408.08. The trade was a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Donnelley Financial Solutions Trading Up 0.9 %

Shares of DFIN opened at $60.71 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. Donnelley Financial Solutions, Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $71.01. The firm has a 50 day moving average price of $61.84 and a 200-day moving average price of $63.01. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 18.97 and a beta of 1.39.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The business had revenue of $179.50 million for the quarter, compared to analysts’ expectations of $181.55 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities research analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Institutional Investors Weigh In On Donnelley Financial Solutions

Institutional investors have recently bought and sold shares of the stock. Mawer Investment Management Ltd. lifted its position in Donnelley Financial Solutions by 3.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock valued at $125,864,000 after purchasing an additional 68,908 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Donnelley Financial Solutions by 15.3% in the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after buying an additional 152,867 shares during the period. State Street Corp raised its holdings in Donnelley Financial Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock valued at $69,826,000 after buying an additional 4,279 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after buying an additional 24,869 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Donnelley Financial Solutions by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after acquiring an additional 20,652 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DFIN. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. B. Riley reduced their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Donnelley Financial Solutions Company Profile

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).