Donnelley Financial Solutions (NYSE:DFIN) Stock: Insider Eric Johnson Sells 15,204 Shares

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

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN traded up $0.40 during midday trading on Tuesday, reaching $67.98. 244,062 shares of the company traded hands, compared to its average volume of 279,736. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $72.04. The stock has a 50-day moving average price of $52.43 and a 200 day moving average price of $47.76. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.10 and a beta of 0.65.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.07 earnings per share 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 net margin of 12.37% and a return on equity of 26.70%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. Sell-side analysts anticipate that Donnelley Financial Solutions will post 4.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DFIN. DA Davidson increased their price objective 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. 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. Needham & Company LLC boosted their target price on Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Donnelley Financial Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of DFIN. BlackRock Inc. bought a new position in shares of Donnelley Financial Solutions in the second quarter valued at $165,182,000. Alberta Investment Management Corp bought a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth $44,157,000. Rice Hall James & Associates LLC bought a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth $32,516,000. William Blair Investment Management LLC bought a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth $26,510,000. Finally, Algert Global LLC grew its holdings in shares of Donnelley Financial Solutions by 90.9% in the 2nd quarter. Algert Global LLC now owns 529,983 shares of the company’s stock worth $22,233,000 after acquiring an additional 252,383 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

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.