Eric Johnson Sells 20,280 Shares of Donnelley Financial Solutions (NYSE:DFIN) Stock

Donnelley Financial Solutions (NYSE:DFIN) insider Eric Johnson sold 20,280 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the sale, the insider owned 116,814 shares of the company’s stock, valued at approximately $5,859,390.24. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock traded up $0.95 during trading on Tuesday, reaching $48.17. The company had a trading volume of 315,959 shares, compared to its average volume of 276,510. The firm’s 50-day simple moving average is $49.38 and its 200 day simple moving average is $49.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $1.23 billion, a PE ratio of 45.01 and a beta of 0.87. Donnelley Financial Solutions has a 1-year low of $37.07 and a 1-year high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.30. Donnelley Financial Solutions had a net margin of 4.22% and a return on equity of 23.88%. The business had revenue of $172.50 million for the quarter, compared to the consensus estimate of $155.27 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue was up 10.4% on a year-over-year basis.

Hedge Funds Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Donnelley Financial Solutions by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after acquiring an additional 49,875 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Donnelley Financial Solutions by 8.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company’s stock worth $63,634,000 after purchasing an additional 91,494 shares during the last quarter. Simcoe Capital Management LLC boosted its position in Donnelley Financial Solutions by 14.4% during the 3rd quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock valued at $61,057,000 after buying an additional 149,455 shares during the period. Alberta Investment Management Corp increased its position in Donnelley Financial Solutions by 151.3% during the 4th quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock valued at $41,069,000 after purchasing an additional 529,600 shares during the period. Finally, Rice Hall James & Associates LLC lifted its position in Donnelley Financial Solutions by 0.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 765,939 shares of the company’s stock valued at $35,762,000 after buying an additional 6,871 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DFIN. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. Zacks Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. DA Davidson reiterated a “buy” rating and set a $66.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, February 18th. Needham & Company LLC reissued a “buy” rating and set a $57.00 target price on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Finally, Wall Street Zen upgraded Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.