Donnelley Financial Solutions (NYSE:DFIN) Reaches New 52-Week High at $66.21

Donnelley Financial Solutions, Inc. (NYSE:DFIN)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $66.21 and last traded at $66.13, with a volume of 24776 shares changing hands. The stock had previously closed at $65.38.

Analyst Upgrades and Downgrades

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

Donnelley Financial Solutions Price Performance

The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 24.33 and a beta of 1.50. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average price is $62.46 and its 200-day moving average price is $60.16.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $169.35 million. Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.36 EPS. As a group, equities research analysts forecast that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Luis A. Aguilar sold 3,047 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the completion of the transaction, the director now directly owns 58,594 shares in the company, valued at approximately $3,740,640.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the transaction, the director now owns 58,594 shares in the company, valued at $3,740,640.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Leib sold 33,122 shares of the company’s stock in a transaction dated 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 approximately $33,752,538.24. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DFIN. Invesco Ltd. lifted 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 during the last quarter. Boston Trust Walden Corp purchased a new position in shares of Donnelley Financial Solutions during the third quarter worth about $25,804,000. Mawer Investment Management Ltd. increased its position in Donnelley Financial Solutions by 38.4% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,384,369 shares of the company’s stock valued at $86,343,000 after acquiring an additional 383,828 shares during the period. Access Investment Management LLC purchased a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $13,606,000. Finally, Envestnet Asset Management Inc. lifted its position in Donnelley Financial Solutions by 445.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 138,316 shares of the company’s stock worth $7,784,000 after acquiring an additional 112,954 shares during the period. Hedge funds and other institutional investors 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).