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

Donnelley Financial Solutions (NYSE:DFIN) insider Eric Johnson sold 15,204 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $66.89, for a total transaction of $1,016,995.56. Following the transaction, the insider owned 101,610 shares in the company, valued at approximately $6,796,692.90. This trade represents a 13.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Donnelley Financial Solutions Trading Up 0.6%

Donnelley Financial Solutions stock opened at $67.98 on Wednesday. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $72.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65. The stock has a 50-day moving average price of $52.82 and a 200 day moving average price of $47.83.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) 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 firm had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $179.90 million. During the same quarter last year, the company posted $0.86 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Donnelley Financial Solutions will post 4.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DFIN. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Needham & Company LLC upped their price objective on Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, DA Davidson raised their price objective on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Institutional Inflows and Outflows

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

Donnelley Financial Solutions Company Profile

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.