Donnelley Financial Solutions (NYSE:DFIN) Sees Large Volume Increase – Here’s Why

Donnelley Financial Solutions, Inc. (NYSE:DFIN) saw strong trading volume on Tuesday . 244,036 shares traded hands during trading, an increase of 43% from the previous session’s volume of 170,995 shares.The stock last traded at $59.56 and had previously closed at $59.89.

Wall Street Analyst Weigh In

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

Donnelley Financial Solutions Price Performance

The company has a market cap of $1.72 billion, a PE ratio of 18.65 and a beta of 1.39. The business has a 50 day moving average of $63.05 and a 200 day moving average of $63.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. During the same period in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the transaction, the director now owns 774,165 shares in the company, valued at approximately $45,265,427.55. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Leib sold 2,881 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares in the company, valued at approximately $36,262,234.30. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 425,331 shares of company stock worth $26,738,613. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently bought and sold shares of the company. World Investment Advisors LLC purchased a new position in Donnelley Financial Solutions in the third quarter worth about $719,000. Sanctuary Advisors LLC increased its position in shares of Donnelley Financial Solutions by 11.0% during the third quarter. Sanctuary Advisors LLC now owns 10,827 shares of the company’s stock valued at $666,000 after acquiring an additional 1,073 shares in the last quarter. Geode Capital Management LLC raised 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. Barclays PLC lifted its position in Donnelley Financial Solutions by 33.0% in the 3rd quarter. Barclays PLC now owns 75,359 shares of the company’s stock valued at $4,960,000 after acquiring an additional 18,686 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Donnelley Financial Solutions during the 3rd quarter valued at $377,000. Institutional investors own 93.84% of the company’s stock.

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).