Donnelley Financial Solutions, Inc. (NYSE:DFIN) CFO David A. Gardella Sells 3,000 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN) CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the sale, the chief financial officer now owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Donnelley Financial Solutions Trading Up 0.9 %

DFIN opened at $60.71 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.75 billion, a PE ratio of 18.97 and a beta of 1.39. The business has a 50 day moving average of $61.84 and a 200-day moving average of $63.01. Donnelley Financial Solutions, Inc. has a 52 week low of $56.02 and a 52 week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The business had revenue of $179.50 million during the quarter, compared to the consensus estimate of $181.55 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Large investors have recently made changes to their positions in the business. American Century Companies Inc. grew its stake in shares of Donnelley Financial Solutions by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after buying an additional 152,867 shares during the last quarter. Millennium Management LLC grew its stake in shares of Donnelley Financial Solutions by 108.9% in the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after acquiring an additional 131,994 shares during the last quarter. Burney Co. increased its holdings in shares of Donnelley Financial Solutions by 193.3% during the second quarter. Burney Co. now owns 178,524 shares of the company’s stock valued at $10,644,000 after acquiring an additional 117,662 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of Donnelley Financial Solutions by 3.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after purchasing an additional 68,908 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in Donnelley Financial Solutions by 1,500.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 71,537 shares of the company’s stock worth $4,265,000 after purchasing an additional 67,067 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DFIN shares. B. Riley dropped their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, November 1st.

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).