Craig Clay Sells 5,698 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) insider Craig Clay sold 5,698 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $66.02, for a total transaction of $376,181.96. Following the completion of the sale, the insider now owns 148,748 shares in the company, valued at $9,820,342.96. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Donnelley Financial Solutions Stock Up 1.2 %

NYSE:DFIN opened at $63.02 on Friday. The firm’s 50 day simple moving average is $62.49 and its 200 day simple moving average is $60.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03. Donnelley Financial Solutions, Inc. has a one year low of $40.73 and a one year high of $66.21. The company has a market cap of $1.86 billion, a PE ratio of 23.25 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The business had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DFIN shares. DA Davidson upgraded shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $60.00 to $72.00 in a research note on Friday, April 12th. B. Riley raised their price target 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. Finally, Needham & Company LLC raised their price target on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in Donnelley Financial Solutions by 4.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 37,361 shares of the company’s stock worth $2,317,000 after buying an additional 1,425 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Donnelley Financial Solutions by 39.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 141,555 shares of the company’s stock worth $8,778,000 after purchasing an additional 40,181 shares during the period. Bridge City Capital LLC lifted its position in shares of Donnelley Financial Solutions by 17.9% in the 1st quarter. Bridge City Capital LLC now owns 6,005 shares of the company’s stock worth $372,000 after purchasing an additional 912 shares during the period. Homestead Advisers Corp lifted its position in shares of Donnelley Financial Solutions by 80.6% in the 4th quarter. Homestead Advisers Corp now owns 45,700 shares of the company’s stock worth $2,850,000 after purchasing an additional 20,400 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $788,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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).