Donnelley Financial Solutions (NYSE:DFIN) Stock: Insider Kami Turner Sells 12,100 Shares

Donnelley Financial Solutions (NYSE:DFIN) CAO Kami Turner sold 12,100 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $67.06, for a total transaction of $811,426.00. Following the transaction, the chief accounting officer directly owned 50,314 shares in the company, valued at $3,374,056.84. The trade was a 19.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock opened at $67.24 on Friday. The business’s fifty day simple moving average is $51.66 and its 200 day simple moving average is $47.63. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $72.04. The firm has a market capitalization of $1.64 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 2.10 and a beta of 0.65.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 29th. The company reported $1.07 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 in the previous year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. DA Davidson boosted their price target on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Finally, Needham & Company LLC raised their target price on Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. One equities 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. According to data from MarketBeat, Donnelley Financial Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds have recently bought and sold shares of DFIN. Nisa Investment Advisors LLC grew its stake in shares of Donnelley Financial Solutions by 78.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $51,000 after buying an additional 478 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Donnelley Financial Solutions by 330.5% in the third quarter. Farther Finance Advisors LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 499 shares during the period. NorthCrest Asset Manangement LLC boosted its position in Donnelley Financial Solutions by 5.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 10,640 shares of the company’s stock valued at $534,000 after buying an additional 528 shares during the period. Sterling Capital Management LLC increased its position in shares of Donnelley Financial Solutions by 310.5% in the third quarter. Sterling Capital Management LLC now owns 743 shares of the company’s stock valued at $35,000 after acquiring an additional 562 shares during the period. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Donnelley Financial Solutions during the second quarter worth about $29,000. 93.84% of the stock is currently owned by institutional investors.

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.