Donnelley Financial Solutions (NYSE:DFIN) Stock: Insider Craig Clay Sells 36,028 Shares

Donnelley Financial Solutions (NYSE:DFIN) insider Craig Clay sold 36,028 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $67.62, for a total value of $2,436,213.36. Following the completion of the transaction, the insider owned 64,050 shares of the company’s stock, valued at approximately $4,331,061. The trade was a 36.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Craig Clay also recently made the following trade(s):

• On Monday, November 2nd, Craig Clay sold 54,018 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $67.58, for a total value of $3,650,536.44.

Donnelley Financial Solutions Stock Performance

NYSE DFIN traded up $1.65 during trading hours on Wednesday, reaching $69.79. The stock had a trading volume of 418,732 shares, compared to its average volume of 280,047. The stock has a fifty day moving average of $50.82 and a 200 day moving average of $47.50. The stock has a market cap of $1.70 billion, a P/E ratio of 18.42 and a beta of 0.65. 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 quarterly earnings results 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. 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 prior year, the company earned $0.86 EPS. Donnelley Financial Solutions’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Wall Street Analyst Weigh In

DFIN has been the topic of several recent research reports. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. DA Davidson raised their target price on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Finally, Needham & Company LLC upped their price target on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, October 30th. One investment 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.00.

Institutional Inflows and Outflows

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

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.