Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) CAO Kami Turner sold 12,100 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $67.06, for a total transaction of $811,426.00. Following the completion of the transaction, the chief accounting officer owned 50,314 shares of the company's stock, valued at $3,374,056.84. This trade represents a 19.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Donnelley Financial Solutions Stock Up 2.4%
NYSE:DFIN opened at $69.79 on Thursday. The stock's fifty day moving average price is $51.27 and its two-hundred day moving average price is $47.57. 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. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.06 and a beta of 0.65.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.23. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $179.90 million. Donnelley Financial Solutions had a return on equity of 26.70% and a net margin of 12.37%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. On average, analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current year.
Hedge Funds Weigh In On Donnelley Financial Solutions
A number of hedge funds and other institutional investors have recently bought and sold shares of DFIN. BlackRock Inc. acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth $165,182,000. Alberta Investment Management Corp acquired a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $44,157,000. Rice Hall James & Associates LLC lifted its stake in shares of Donnelley Financial Solutions by 1.8% in the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company's stock valued at $36,771,000 after purchasing an additional 14,098 shares during the period. William Blair Investment Management LLC bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth $26,510,000. Finally, Algert Global LLC boosted its position 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 purchasing an additional 252,383 shares during the last quarter. 93.84% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on DFIN shares. Zacks Research cut Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Needham & Company LLC lifted 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. Weiss Ratings raised Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. DA Davidson upped their target price on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a "buy" rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Donnelley Financial Solutions has an average rating of "Moderate Buy" and an average target price of $74.00.
Check Out Our Latest Research Report on Donnelley Financial Solutions
Donnelley Financial Solutions Company Profile
(
Get Free Report)
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.
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