Donnelley Financial Solutions (NYSE:DFIN) Trading Down 5.5% – What’s Next?

Donnelley Financial Solutions, Inc. (NYSE:DFIN)’s stock price fell 5.5% on Friday . The company traded as low as $39.60 and last traded at $38.45. 59,408 shares were traded during mid-day trading, a decline of 72% from the average session volume of 209,321 shares. The stock had previously closed at $40.68.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a report on Friday, March 28th. DA Davidson lowered their price target on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Donnelley Financial Solutions Stock Performance

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 12.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The stock’s fifty day simple moving average is $49.52 and its two-hundred day simple moving average is $58.07.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The company had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary G. Greenfield bought 1,000 shares of Donnelley Financial Solutions stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at $2,108,527.92. The trade was a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC bought a new position in shares of Donnelley Financial Solutions in the 4th quarter worth about $26,329,000. Port Capital LLC bought a new position in Donnelley Financial Solutions in the fourth quarter worth about $23,114,000. Tidal Investments LLC acquired a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $19,595,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Donnelley Financial Solutions by 5,062.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company’s stock valued at $12,436,000 after purchasing an additional 194,399 shares during the last quarter. Finally, Shapiro Capital Management LLC acquired a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth approximately $11,381,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

About Donnelley Financial Solutions

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).