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 Donnelley Financial Solutions stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $66.89, for a total value of $1,016,995.56. Following the completion of the transaction, the insider directly owned 101,610 shares in the company, valued at approximately $6,796,692.90. This represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Donnelley Financial Solutions Stock Up 1.0%

DFIN opened at $68.72 on Thursday. Donnelley Financial Solutions has a 1-year low of $36.11 and a 1-year high of $72.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.99 and a beta of 0.65. The business has a 50 day moving average of $53.24 and a 200-day moving average of $47.90.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.23. The business had revenue of $185.00 million for the quarter, compared to analyst estimates of $179.90 million. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. Donnelley Financial Solutions’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. As a group, sell-side analysts anticipate that Donnelley Financial Solutions will post 4.56 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in Donnelley Financial Solutions by 78.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $51,000 after buying an additional 478 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Donnelley Financial Solutions by 330.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 650 shares of the company’s stock worth $31,000 after acquiring an additional 499 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in shares of Donnelley Financial Solutions by 5.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 10,640 shares of the company’s stock worth $534,000 after acquiring an additional 528 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 310.5% during the 3rd quarter. Sterling Capital Management LLC now owns 743 shares of the company’s stock worth $35,000 after acquiring an additional 562 shares during the period. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at about $29,000. 93.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DFIN shares. Needham & Company LLC upped their price objective 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. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Finally, DA Davidson boosted their price target on Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

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.