Donnelley Financial Solutions (NYSE:DFIN) Insider Craig Clay Sells 54,018 Shares of Stock

Donnelley Financial Solutions (NYSE:DFIN) insider Craig Clay sold 54,018 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $67.58, for a total value of $3,650,536.44. Following the completion of the sale, the insider directly owned 100,078 shares of the company’s stock, valued at $6,763,271.24. This trade represents a 35.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, November 3rd, Craig Clay sold 36,028 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $67.62, for a total value of $2,436,213.36.

Donnelley Financial Solutions Stock Up 2.4%

Shares of NYSE DFIN traded up $1.65 during midday trading on Wednesday, hitting $69.79. 418,732 shares of the stock traded hands, compared to its average volume of 280,047. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $72.04. The business has a 50 day moving average price of $50.82 and a two-hundred day moving average price of $47.50. The company has a market cap of $1.70 billion, a PE ratio of 18.42 and a beta of 0.65.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.23. Donnelley Financial Solutions had a return on equity of 26.70% and a net margin of 12.37%. The company had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $179.90 million. During the same period last year, the business earned $0.86 EPS. Donnelley Financial Solutions’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Analyst Ratings Changes

DFIN has been the topic of several research reports. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. DA Davidson lifted their price objective on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a “buy” rating in a report on Monday. Needham & Company LLC boosted their target price on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Donnelley Financial Solutions by 495.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 122,327 shares of the company’s stock valued at $5,809,000 after buying an additional 101,794 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in Donnelley Financial Solutions during the third quarter worth $240,000. Bridge City Capital LLC grew its holdings in Donnelley Financial Solutions by 18.1% during the third quarter. Bridge City Capital LLC now owns 105,187 shares of the company’s stock worth $4,964,000 after buying an additional 16,122 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Donnelley Financial Solutions in the 3rd quarter valued at $209,000. Finally, State of Wyoming raised its position in Donnelley Financial Solutions by 19.9% in the 3rd quarter. State of Wyoming now owns 13,825 shares of the company’s stock valued at $652,000 after buying an additional 2,292 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company’s offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.