Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Sells $6,615,959.48 in Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 106,093 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $62.36, for a total transaction of $6,615,959.48. Following the transaction, the director now directly owns 1,667,475 shares in the company, valued at $103,983,741. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Monday, May 6th, Jeffrey Jacobowitz sold 132,056 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $63.62, for a total transaction of $8,401,402.72.

Donnelley Financial Solutions Price Performance

Shares of DFIN stock traded down $0.17 during trading hours on Wednesday, reaching $62.72. The company’s stock had a trading volume of 279,561 shares, compared to its average volume of 192,325. 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, Inc. has a fifty-two week low of $41.74 and a fifty-two week high of $66.21. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 19.12 and a beta of 1.49. The firm’s 50 day simple moving average is $62.37 and its 200-day simple moving average is $60.74.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $169.35 million. During the same period last year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $60.00 to $72.00 in a research note on Friday, April 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, May 1st. Finally, B. Riley increased their price objective on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds have recently added to or reduced their stakes in DFIN. William Blair Investment Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 0.8% during the first quarter. William Blair Investment Management LLC now owns 445,815 shares of the company’s stock worth $27,645,000 after purchasing an additional 3,416 shares during the period. ProShare Advisors LLC grew its position in shares of Donnelley Financial Solutions by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock valued at $309,000 after buying an additional 345 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Donnelley Financial Solutions by 9.9% in the first quarter. Inspire Investing LLC now owns 20,254 shares of the company’s stock valued at $1,256,000 after buying an additional 1,822 shares during the period. Swiss National Bank boosted its holdings in Donnelley Financial Solutions by 5.1% in the first quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $3,206,000 after acquiring an additional 2,500 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Donnelley Financial Solutions during the 1st quarter worth approximately $808,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

About Donnelley Financial Solutions

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).