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

Donnelley Financial Solutions (NYSE:DFIN) CAO Kami Turner sold 12,100 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $67.06, for a total value of $811,426.00. Following the transaction, the chief accounting officer owned 50,314 shares of the company’s stock, valued at $3,374,056.84. This represents a 19.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Donnelley Financial Solutions Stock Up 2.4%

Shares of NYSE DFIN opened at $69.79 on Thursday. The stock has a market cap of $1.70 billion, a PE ratio of 18.42, a PEG ratio of 2.06 and a beta of 0.65. The business has a fifty day moving average of $51.27 and a two-hundred day moving average of $47.57. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $72.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.84 by $0.23. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. The company had revenue of $185.00 million for the quarter, compared to the consensus estimate of $179.90 million. During the same quarter in the previous year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DFIN has been the topic of a number of recent analyst reports. Needham & Company LLC boosted 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. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. 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 report on Monday. One 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. According to data from MarketBeat, Donnelley Financial Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in DFIN. Bank of America Corp DE bought a new position in shares of Donnelley Financial Solutions in the second quarter valued at about $5,608,000. WINTON GROUP Ltd bought a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $2,813,000. Bank of New York Mellon Corp bought a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $5,935,000. BlackRock Inc. bought a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $165,182,000. Finally, Legal & General Group Plc bought a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $2,340,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Company Profile

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.