Key Points
- Insider sale: Eric Johnson sold 20,280 DFIN shares on March 6 at an average price of $50.16 for about $1.02M, reducing his position by 14.79% to 116,814 shares (valued ≈ $5.86M).
- Company performance & outlook: DFIN beat quarterly estimates (EPS $0.70 vs $0.40; revenue $172.5M vs $155.3M), trades with a market cap of ~$1.23B and a consensus analyst target of $61.50 with mostly Buy/Strong Buy ratings.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) insider Eric Johnson sold 20,280 shares of the business's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.16, for a total transaction of $1,017,244.80. Following the completion of the transaction, the insider directly owned 116,814 shares in the company, valued at $5,859,390.24. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Donnelley Financial Solutions Trading Up 2.0%
Shares of DFIN stock opened at $48.17 on Wednesday. The stock's 50-day moving average price is $49.40 and its 200-day moving average price is $49.85. Donnelley Financial Solutions has a 12-month low of $37.07 and a 12-month high of $66.25. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 45.01 and a beta of 0.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.30. The business had revenue of $172.50 million during the quarter, compared to the consensus estimate of $155.27 million. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share.
Wall Street Analysts Forecast Growth
DFIN has been the topic of a number of recent research reports. CJS Securities upgraded shares of Donnelley Financial Solutions to a "strong-buy" rating in a research note on Thursday, December 11th. DA Davidson restated a "buy" rating and set a $66.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Needham & Company LLC reiterated a "buy" rating and issued a $57.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. Finally, Wall Street Zen raised shares of Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $61.50.
Read Our Latest Analysis on Donnelley Financial Solutions
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. First Citizens Bank & Trust Co. lifted its holdings in shares of Donnelley Financial Solutions by 2.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company's stock worth $379,000 after purchasing an additional 220 shares during the period. Gotham Asset Management LLC grew its position in Donnelley Financial Solutions by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 18,256 shares of the company's stock worth $939,000 after purchasing an additional 230 shares during the period. Lido Advisors LLC boosted its position in Donnelley Financial Solutions by 5.0% in the 4th quarter. Lido Advisors LLC now owns 4,857 shares of the company's stock worth $244,000 after purchasing an additional 231 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Donnelley Financial Solutions by 3.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company's stock worth $365,000 after purchasing an additional 232 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Donnelley Financial Solutions by 4.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,296 shares of the company's stock worth $367,000 after purchasing an additional 252 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.
About Donnelley Financial Solutions
(
Get Free Report)
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.
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