Donnelley Financial Solutions (NYSE:DFIN) Stock: Insider Craig Clay Sells 36,028 Shares

Donnelley Financial Solutions (NYSE:DFIN) insider Craig Clay sold 36,028 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $67.62, for a total transaction of $2,436,213.36. Following the completion of the transaction, the insider directly owned 64,050 shares of the company’s stock, valued at $4,331,061. This trade represents a 36.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, November 2nd, Craig Clay sold 54,018 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $67.58, for a total value of $3,650,536.44.

Donnelley Financial Solutions Stock Up 2.4%

NYSE DFIN traded up $1.65 during midday trading on Wednesday, hitting $69.79. 418,732 shares of the company traded hands, compared to its average volume of 280,047. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $72.04. The company’s 50-day simple moving average is $50.82 and its 200-day simple moving average is $47.50. The company has a market cap of $1.70 billion, a PE ratio of 18.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.84 by $0.23. The firm had revenue of $185.00 million during the quarter, compared to analyst estimates of $179.90 million. Donnelley Financial Solutions had a return on equity of 26.70% and a net margin of 12.37%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company 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.

Institutional Trading of Donnelley Financial Solutions

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in Donnelley Financial Solutions by 495.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,327 shares of the company’s stock valued at $5,809,000 after purchasing an additional 101,794 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Donnelley Financial Solutions during the third quarter worth $240,000. Bridge City Capital LLC lifted its stake in shares of 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 during the period. Vise Technologies Inc. purchased a new stake in shares of Donnelley Financial Solutions during the third quarter valued at $209,000. Finally, State of Wyoming increased its position in shares of 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 acquiring an additional 2,292 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Wall Street Analyst Weigh In

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