Donnelley Financial Solutions (NYSE:DFIN) CAO Sells 12,100 Shares of Stock

Donnelley Financial Solutions (NYSE:DFIN) CAO Kami Turner sold 12,100 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $67.06, for a total value of $811,426.00. Following the completion of the transaction, the chief accounting officer owned 50,314 shares of the company’s stock, valued at $3,374,056.84. This represents a 19.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Donnelley Financial Solutions Trading Up 2.4%

Shares of DFIN stock traded up $1.65 during mid-day trading on Wednesday, reaching $69.79. 418,732 shares of the stock traded hands, compared to its average volume of 280,047. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 18.42 and a beta of 0.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $50.82 and its two-hundred day simple moving average is $47.50. Donnelley Financial Solutions has a 1-year low of $36.11 and a 1-year high of $72.04.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $179.90 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Donnelley Financial Solutions during the second quarter worth about $165,182,000. Alberta Investment Management Corp acquired a new position in shares of Donnelley Financial Solutions in the second quarter worth approximately $44,157,000. Rice Hall James & Associates LLC boosted its holdings in Donnelley Financial Solutions by 1.8% in the first quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock valued at $36,771,000 after acquiring an additional 14,098 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Donnelley Financial Solutions in the second quarter valued at approximately $26,510,000. Finally, Algert Global LLC boosted its holdings in Donnelley Financial Solutions by 90.9% in the second quarter. Algert Global LLC now owns 529,983 shares of the company’s stock valued at $22,233,000 after acquiring an additional 252,383 shares during the last quarter. Institutional investors and hedge funds 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.