Insider Selling: Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Sells 106,093 Shares of Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 106,093 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $62.36, for a total transaction of $6,615,959.48. Following the completion of the sale, the director now owns 1,667,475 shares of the company’s stock, valued at approximately $103,983,741. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Monday, May 6th, Jeffrey Jacobowitz sold 132,056 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $63.62, for a total value of $8,401,402.72.

Donnelley Financial Solutions Stock Performance

DFIN traded down $0.17 during trading hours on Wednesday, hitting $62.72. The company’s stock had a trading volume of 279,561 shares, compared to its average volume of 192,325. The company has a 50-day simple moving average of $62.37 and a 200 day simple moving average of $60.74. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.84 billion, a PE ratio of 19.12 and a beta of 1.49. Donnelley Financial Solutions, Inc. has a fifty-two week low of $41.74 and a fifty-two week high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The business had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. Donnelley Financial Solutions’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. As a group, sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC increased its stake in shares of Donnelley Financial Solutions by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,436 shares of the company’s stock valued at $963,000 after acquiring an additional 178 shares during the period. Diversified Trust Co increased its position in shares of Donnelley Financial Solutions by 4.0% during the 4th quarter. Diversified Trust Co now owns 7,076 shares of the company’s stock valued at $441,000 after purchasing an additional 269 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Donnelley Financial Solutions by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock worth $1,343,000 after buying an additional 286 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Donnelley Financial Solutions by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock valued at $309,000 after buying an additional 345 shares during the period. Finally, Assetmark Inc. grew its holdings in Donnelley Financial Solutions by 1.2% during the third quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after acquiring an additional 398 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DFIN shares. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a report on Wednesday, May 1st. DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $72.00 in a report on Friday, April 12th. Finally, B. Riley boosted their price objective on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 25th.

Donnelley Financial Solutions Company Profile

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).