Donnelley Financial Solutions, Inc. (NYSE:DFIN) CFO David A. Gardella Sells 3,000 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN) CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donnelley Financial Solutions Trading Up 0.9 %

NYSE DFIN traded up $0.54 during trading hours on Thursday, reaching $60.71. The company had a trading volume of 210,841 shares, compared to its average volume of 171,447. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1.75 billion, a P/E ratio of 18.97 and a beta of 1.39. The stock has a 50-day moving average of $61.91 and a 200 day moving average of $63.02. Donnelley Financial Solutions, Inc. has a 1-year low of $56.02 and a 1-year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). The business had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. As a group, research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DFIN has been the topic of a number of analyst reports. B. Riley reduced 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 reiterated a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Institutional Trading of Donnelley Financial Solutions

Several hedge funds have recently modified their holdings of DFIN. CWM LLC increased its holdings in Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 198 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Donnelley Financial Solutions by 781.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after acquiring an additional 422 shares during the last quarter. Quarry LP increased its holdings in shares of Donnelley Financial Solutions by 492.9% in the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth about $48,000. Finally, Point72 DIFC Ltd purchased a new stake in Donnelley Financial Solutions during the third quarter worth approximately $74,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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).