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 company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $67.58, for a total transaction of $3,650,536.44. Following the completion of the sale, the insider directly owned 100,078 shares in the company, valued at approximately $6,763,271.24. The trade was a 35.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 stock was sold at an average price of $67.62, for a total value of $2,436,213.36.

Donnelley Financial Solutions Trading Up 2.4%

Shares of NYSE:DFIN opened at $69.79 on Thursday. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $72.04. The business has a 50 day moving average of $51.27 and a 200-day moving average of $47.57. 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 has a market cap of $1.70 billion, a PE ratio of 18.42, a P/E/G ratio of 2.06 and a beta of 0.65.

Donnelley Financial Solutions (NYSE:DFIN) last announced 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. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $179.90 million. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. As a group, equities research analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth approximately $165,182,000. Alberta Investment Management Corp bought a new stake in shares of Donnelley Financial Solutions during the second quarter worth approximately $44,157,000. Rice Hall James & Associates LLC lifted 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 buying an additional 14,098 shares during the period. William Blair Investment Management LLC acquired a new position in Donnelley Financial Solutions in the second quarter valued at approximately $26,510,000. Finally, Algert Global LLC boosted its stake 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. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DFIN has been the topic of a number of analyst reports. Needham & Company LLC upped their price objective on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 30th. DA Davidson lifted their target price 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. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. Finally, Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Donnelley Financial Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

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.