Donnelley Financial Solutions (NYSE:DFIN) Sets New 1-Year High at $68.95

Donnelley Financial Solutions, Inc. (NYSE:DFIN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $68.95 and last traded at $68.69, with a volume of 36350 shares changing hands. The stock had previously closed at $66.11.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DFIN shares. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $72.00 in a report on Friday, April 12th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, May 1st. Finally, B. Riley lifted their price objective on Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, April 25th.

Donnelley Financial Solutions Price Performance

The business’s 50 day moving average is $60.94 and its 200-day moving average is $61.93. The firm has a market capitalization of $2.02 billion, a P/E ratio of 21.05 and a beta of 1.41. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.50.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.25. The business had revenue of $203.40 million for the quarter, compared to analysts’ expectations of $214.10 million. Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. As a group, sell-side analysts predict that Donnelley Financial Solutions, Inc. will post 3.31 EPS for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Craig Clay sold 400 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $66.10, for a total value of $26,440.00. Following the completion of the transaction, the insider now directly owns 148,348 shares of the company’s stock, valued at approximately $9,805,802.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Daniel Leib sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $62.67, for a total transaction of $1,880,100.00. Following the sale, the chief executive officer now owns 545,191 shares of the company’s stock, valued at $34,167,119.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Clay sold 400 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the transaction, the insider now owns 148,348 shares in the company, valued at approximately $9,805,802.80. The disclosure for this sale can be found here. Insiders sold a total of 578,832 shares of company stock worth $35,850,997 in the last quarter. Insiders own 11.90% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFIN. SummerHaven Investment Management LLC lifted its position in Donnelley Financial Solutions by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,436 shares of the company’s stock valued at $963,000 after purchasing an additional 178 shares during the last quarter. CWM LLC increased its stake in Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 198 shares during the period. Louisiana State Employees Retirement System increased its stake in Donnelley Financial Solutions by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock worth $745,000 after buying an additional 200 shares during the period. Texas Permanent School Fund Corp increased its stake in Donnelley Financial Solutions by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock worth $1,343,000 after buying an additional 286 shares during the period. Finally, ProShare Advisors LLC increased its position in Donnelley Financial Solutions by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock valued at $309,000 after purchasing an additional 345 shares during the period. 93.84% of the stock is owned by hedge funds and other 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).