Eric J. Johnson Sells 930 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) insider Eric J. Johnson sold 930 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $59.01, for a total transaction of $54,879.30. Following the completion of the transaction, the insider now owns 155,095 shares of the company’s stock, valued at $9,152,155.95. The sale was disclosed in a document filed with the SEC, which is available through this link.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $58.79 on Thursday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 17.92 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.49 and a current ratio of 1.49. Donnelley Financial Solutions, Inc. has a one year low of $41.98 and a one year high of $66.21. The company’s 50-day moving average is $61.63 and its 200 day moving average is $61.87.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.25. The firm had revenue of $203.40 million for the quarter, compared to the consensus estimate of $214.10 million. Donnelley Financial Solutions had a net margin of 12.43% and a return on equity of 24.68%. Sell-side analysts expect that Donnelley Financial Solutions, Inc. will post 3.31 EPS for the current fiscal year.

Institutional Trading of Donnelley Financial Solutions

Several institutional investors have recently added to or reduced their stakes in DFIN. Boston Trust Walden Corp lifted its holdings in shares of Donnelley Financial Solutions by 52.0% during the fourth quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock valued at $43,471,000 after purchasing an additional 238,489 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Donnelley Financial Solutions during the 4th quarter valued at about $2,241,000. Invesco Ltd. lifted its stake in Donnelley Financial Solutions by 207.4% during the 3rd quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock valued at $42,429,000 after acquiring an additional 508,638 shares during the period. Homestead Advisers Corp boosted its holdings in shares of Donnelley Financial Solutions by 80.6% during the 4th quarter. Homestead Advisers Corp now owns 45,700 shares of the company’s stock valued at $2,850,000 after acquiring an additional 20,400 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Donnelley Financial Solutions in the third quarter worth approximately $2,264,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DFIN has been the topic of a number of recent research reports. B. Riley upped their price objective on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $72.00 in a research note on Friday, April 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, May 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).