Short Interest in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Decreases By 10.3%

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,130,000 shares, a decrease of 10.3% from the March 15th total of 1,260,000 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 186,200 shares, the short-interest ratio is presently 6.1 days.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $61.13 on Wednesday. The stock’s fifty day moving average price is $62.53 and its two-hundred day moving average price is $59.89. Donnelley Financial Solutions has a one year low of $40.73 and a one year high of $66.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $1.80 billion, a PE ratio of 22.56 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $169.35 million. During the same quarter last year, the business earned $0.36 EPS. Donnelley Financial Solutions’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts expect that Donnelley Financial Solutions will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the sale, the chief executive officer now owns 524,352 shares in the company, valued at $33,752,538.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Daniel Leib sold 33,122 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the transaction, the chief executive officer now owns 524,352 shares in the company, valued at $33,752,538.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total value of $194,520.48. Following the transaction, the director now owns 58,594 shares in the company, valued at approximately $3,740,640.96. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Large investors have recently modified their holdings of the business. Boston Trust Walden Corp boosted its holdings in shares of Donnelley Financial Solutions by 52.0% in the 4th quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock valued at $43,471,000 after purchasing an additional 238,489 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at $2,241,000. Invesco Ltd. boosted its holdings in shares of Donnelley Financial Solutions by 207.4% in the 3rd quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock valued at $42,429,000 after purchasing an additional 508,638 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Donnelley Financial Solutions during the 3rd quarter valued at $2,264,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Donnelley Financial Solutions by 714.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 115,687 shares of the company’s stock valued at $6,511,000 after acquiring an additional 101,484 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

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).