Craig Clay Sells 1,575 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) insider Craig Clay sold 1,575 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $49.60, for a total transaction of $78,120.00. Following the sale, the insider now directly owns 135,205 shares in the company, valued at approximately $6,706,168. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, August 30th, Craig Clay sold 3,664 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $49.53, for a total transaction of $181,477.92.
• On Wednesday, August 2nd, Craig Clay sold 400 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $49.50, for a total transaction of $19,800.00.

Donnelley Financial Solutions Stock Up 1.4 %

DFIN stock opened at $49.95 on Friday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 18.23 and a beta of 1.63. Donnelley Financial Solutions, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $50.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.42 and a current ratio of 1.42. The company’s 50 day moving average price is $47.13 and its 200 day moving average price is $44.45.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.92 by $0.32. The company had revenue of $242.10 million for the quarter, compared to analyst estimates of $229.25 million. Donnelley Financial Solutions had a net margin of 10.49% and a return on equity of 24.41%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.42 earnings per share. On average, equities research analysts anticipate that Donnelley Financial Solutions, Inc. will post 2.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DFIN has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of Donnelley Financial Solutions from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Needham & Company LLC upped their target price on shares of Donnelley Financial Solutions from $55.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds have recently added to or reduced their stakes in DFIN. Quadrant Capital Group LLC increased its stake in Donnelley Financial Solutions by 622.1% in the second quarter. Quadrant Capital Group LLC now owns 556 shares of the company’s stock valued at $25,000 after purchasing an additional 479 shares during the last quarter. US Bancorp DE increased its stake in Donnelley Financial Solutions by 596.0% in the first quarter. US Bancorp DE now owns 689 shares of the company’s stock valued at $28,000 after purchasing an additional 590 shares during the last quarter. Quarry LP purchased a new position in Donnelley Financial Solutions in the second quarter valued at approximately $28,000. Altshuler Shaham Ltd purchased a new position in Donnelley Financial Solutions in the first quarter valued at approximately $30,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Donnelley Financial Solutions during the second quarter worth approximately $30,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company 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).