Daniel Leib Sells 25,000 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Donnelley Financial Solutions Trading Down 3.4 %

DFIN opened at $48.61 on Friday. The firm’s 50 day moving average is $61.75 and its 200-day moving average is $63.11. Donnelley Financial Solutions, Inc. has a 52-week low of $47.94 and a 52-week high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.39 billion, a P/E ratio of 15.89 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DFIN shares. B. Riley cut their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC lowered their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, DA Davidson reduced their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after buying an additional 422 shares during the period. Quarry LP bought a new position in shares of Donnelley Financial Solutions during the fourth quarter worth about $42,000. Aquatic Capital Management LLC bought a new position in shares of Donnelley Financial Solutions during the fourth quarter worth about $49,000. Huntington National Bank increased its holdings in shares of Donnelley Financial Solutions by 20.7% in the 4th quarter. Huntington National Bank now owns 910 shares of the company’s stock worth $57,000 after acquiring an additional 156 shares during the period. Finally, Principal Securities Inc. lifted its position in Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock valued at $64,000 after purchasing an additional 953 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).