Donnelley Financial Solutions (NYSE:DFIN) Shares Gap Down – Should You Sell?

Donnelley Financial Solutions, Inc. (NYSE:DFIN) shares gapped down before the market opened on Thursday . The stock had previously closed at $63.88, but opened at $59.68. Donnelley Financial Solutions shares last traded at $60.15, with a volume of 23,303 shares trading hands.

Wall Street Analyst Weigh In

DFIN has been the subject of a number of recent analyst reports. DA Davidson raised their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, September 27th.

Donnelley Financial Solutions Stock Performance

The company’s fifty day simple moving average is $65.97 and its two-hundred day simple moving average is $63.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.13 and a beta of 1.35.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. Donnelley Financial Solutions had a net margin of 13.22% and a return on equity of 25.45%. The company had revenue of $242.70 million for the quarter, compared to the consensus estimate of $247.70 million. Equities research analysts predict that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other news, Director Jeffrey Jacobowitz sold 114,655 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $67.42, for a total value of $7,730,040.10. Following the transaction, the director now directly owns 1,008,206 shares in the company, valued at approximately $67,973,248.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Eric J. Johnson sold 8,823 shares of Donnelley Financial Solutions stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $62.77, for a total value of $553,819.71. Following the sale, the insider now directly owns 124,186 shares in the company, valued at $7,795,155.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey Jacobowitz sold 114,655 shares of Donnelley Financial Solutions stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the completion of the sale, the director now owns 1,008,206 shares in the company, valued at approximately $67,973,248.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,113 shares of company stock worth $13,608,056. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Donnelley Financial Solutions

Several hedge funds have recently bought and sold shares of DFIN. CWM LLC raised its position in shares of Donnelley Financial Solutions by 72.3% during the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 198 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Donnelley Financial Solutions by 781.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares in the last quarter. Quarry LP lifted its stake in Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after purchasing an additional 621 shares during the last quarter. nVerses Capital LLC acquired a new stake in Donnelley Financial Solutions during the second quarter valued at approximately $48,000. Finally, Quest Partners LLC acquired a new stake in Donnelley Financial Solutions during the second quarter valued at approximately $197,000. 93.84% of the stock is currently owned by institutional investors.

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).