Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Sells $6,615,959.48 in Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 106,093 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $62.36, for a total value of $6,615,959.48. Following the completion of the transaction, the director now owns 1,667,475 shares in the company, valued at $103,983,741. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Monday, May 6th, Jeffrey Jacobowitz sold 132,056 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $63.62, for a total transaction of $8,401,402.72.

Donnelley Financial Solutions Price Performance

DFIN opened at $62.26 on Friday. The firm has a market cap of $1.83 billion, a P/E ratio of 18.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.49 and a current ratio of 1.49. Donnelley Financial Solutions, Inc. has a fifty-two week low of $41.98 and a fifty-two week high of $66.21. The firm has a 50-day moving average of $62.32 and a 200 day moving average of $60.76.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $169.35 million. Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. On average, research analysts expect that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

Institutional Trading of Donnelley Financial Solutions

A number of large investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its stake in shares of Donnelley Financial Solutions by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 15,436 shares of the company’s stock worth $963,000 after acquiring an additional 178 shares during the period. Diversified Trust Co raised its stake in Donnelley Financial Solutions by 4.0% in the 4th quarter. Diversified Trust Co now owns 7,076 shares of the company’s stock valued at $441,000 after acquiring an additional 269 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Donnelley Financial Solutions by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock valued at $1,343,000 after purchasing an additional 286 shares during the last quarter. ProShare Advisors LLC boosted its position in Donnelley Financial Solutions by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock worth $309,000 after purchasing an additional 345 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Donnelley Financial Solutions by 1.2% in the third quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after purchasing an additional 398 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $72.00 in a research note on Friday, April 12th. B. Riley increased their price target on Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday, May 1st.

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).