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

Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) reached a new 52-week high during trading on Thursday . The stock 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

DFIN has been the topic of several analyst reports. B. Riley raised their price target on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $72.00 in a report on Friday, April 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday, May 1st.

Donnelley Financial Solutions Stock Up 1.2 %

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

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

Insider Buying and Selling at Donnelley Financial Solutions

In related news, insider Craig Clay sold 400 shares of Donnelley Financial Solutions stock in a transaction that occurred 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 owns 148,348 shares in the company, valued at $9,805,802.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Craig Clay sold 400 shares of Donnelley Financial Solutions stock in a transaction that occurred 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 owns 148,348 shares in the company, valued at $9,805,802.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Jacobowitz sold 132,056 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $63.62, for a total transaction of $8,401,402.72. Following the completion of the sale, the director now directly owns 2,100,431 shares in the company, valued at $133,629,420.22. The disclosure for this sale can be found here. Insiders sold a total of 578,832 shares of company stock worth $35,850,997 over the last three months. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Large investors have recently modified their holdings of the company. Boston Trust Walden Corp increased its position in shares of Donnelley Financial Solutions by 52.0% in the 4th 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 during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $2,241,000. SG Americas Securities LLC purchased a new stake in shares of Donnelley Financial Solutions in the 1st quarter valued at approximately $808,000. Empowered Funds LLC acquired a new position in shares of Donnelley Financial Solutions in the 1st quarter valued at $6,041,000. Finally, Homestead Advisers Corp boosted its holdings in shares of Donnelley Financial Solutions by 24.5% in the 1st quarter. Homestead Advisers Corp now owns 56,900 shares of the company’s stock valued at $3,528,000 after buying an additional 11,200 shares in the last quarter. 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).