Key Points
- Insider Eric Johnson sold 15,204 DFIN shares for about $1.02 million at an average price of $66.89, reducing his stake by 13.02% to 101,610 shares.
- Donnelley Financial Solutions beat quarterly estimates, reporting EPS of $1.07 versus $0.84 expected and revenue of $185 million versus $179.9 million expected; revenue grew 5.5% year over year.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $74. Recent analyst targets range from $72 to $76.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) insider Eric Johnson sold 15,204 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $66.89, for a total value of $1,016,995.56. Following the transaction, the insider owned 101,610 shares in the company, valued at $6,796,692.90. This trade represents a 13.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Donnelley Financial Solutions Price Performance
Donnelley Financial Solutions stock opened at $67.98 on Wednesday. The company's fifty day moving average price is $52.82 and its 200 day moving average price is $47.83. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $72.04. The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.98 and a beta of 0.65. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.84 by $0.23. The company had revenue of $185.00 million during 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%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, equities research analysts anticipate that Donnelley Financial Solutions will post 4.56 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. 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 boosted their price objective on Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, October 30th. Wall Street Zen raised Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 31st. Finally, DA Davidson increased their target price on Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a "buy" rating in a report on Monday, November 2nd. One research 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.00.
Get Our Latest Research Report on Donnelley Financial Solutions
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 stake in shares of Donnelley Financial Solutions in the second quarter valued at about $44,157,000. Rice Hall James & Associates LLC raised its position in shares of Donnelley Financial Solutions by 1.8% in the first quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company's stock valued at $36,771,000 after buying an additional 14,098 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Donnelley Financial Solutions in the second quarter valued at about $26,510,000. Finally, Algert Global LLC lifted its stake in shares of Donnelley Financial Solutions by 90.9% in the second quarter. Algert Global LLC now owns 529,983 shares of the company's stock worth $22,233,000 after buying an additional 252,383 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company's stock.
About Donnelley Financial Solutions
(
Get Free Report)
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.
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