Insider Selling: Donnelley Financial Solutions (NYSE:DFIN) Insider Sells $1,016,995.56 in Stock

Donnelley Financial Solutions (NYSE:DFIN) insider Eric Johnson sold 15,204 shares of the business’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $66.89, for a total value of $1,016,995.56. Following the sale, the insider owned 101,610 shares in the company, valued at approximately $6,796,692.90. The trade was a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Donnelley Financial Solutions Stock Down 0.1%

Donnelley Financial Solutions stock opened at $68.64 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. Donnelley Financial Solutions has a fifty-two week low of $36.11 and a fifty-two week high of $72.04. The stock’s fifty day moving average is $53.65 and its two-hundred day moving average is $47.97.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.23. The business had revenue of $185.00 million during the quarter, compared to the consensus estimate 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 was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. Analysts predict that Donnelley Financial Solutions will post 4.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Donnelley Financial Solutions in the second quarter valued at $165,182,000. Alberta Investment Management Corp purchased a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $44,157,000. Rice Hall James & Associates LLC increased its position in Donnelley Financial Solutions by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock worth $36,771,000 after purchasing an additional 14,098 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Donnelley Financial Solutions in the 2nd quarter valued at about $26,510,000. Finally, Algert Global LLC raised its stake in Donnelley Financial Solutions by 90.9% in the 2nd quarter. Algert Global LLC now owns 529,983 shares of the company’s stock valued at $22,233,000 after purchasing an additional 252,383 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on DFIN shares. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. DA Davidson upped their price target on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Needham & Company LLC increased their price target on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Finally, Weiss Ratings upgraded shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc. provides software and services that help companies and investment firms meet regulatory, compliance and financial-communication requirements. Its offerings include support for preparing and filing regulatory documents, financial reporting and shareholder communications. The company also provides technology for managing regulatory disclosures and transactions, including virtual data rooms used in mergers, acquisitions and other corporate processes. Its clients include public and private companies, investment managers, funds and professional services firms.