Donnelley Financial Solutions (NYSE:DFIN) Sees Strong Trading Volume – Still a Buy?

Donnelley Financial Solutions, Inc. (NYSE:DFIN) shares saw unusually-strong trading volume on Tuesday . Approximately 244,036 shares were traded during trading, an increase of 43% from the previous session’s volume of 170,995 shares.The stock last traded at $59.56 and had previously closed at $59.89.

Analyst Ratings Changes

A number of equities analysts have weighed in on DFIN shares. Needham & Company LLC restated a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. B. Riley reduced their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Donnelley Financial Solutions Price Performance

The stock’s 50-day moving average price is $62.81 and its 200 day moving average price is $63.05. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 19.03 and a beta of 1.39. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28.

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

Insider Activity

In related news, CEO Daniel Leib sold 400 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.01, for a total value of $28,004.00. Following the completion of the sale, the chief executive officer now owns 524,791 shares of the company’s stock, valued at approximately $36,740,617.91. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the completion of the sale, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 425,331 shares of company stock worth $26,738,613 over the last three months. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. World Investment Advisors LLC purchased a new position in Donnelley Financial Solutions during the third quarter worth about $719,000. Sanctuary Advisors LLC boosted its stake in Donnelley Financial Solutions by 11.0% during the third quarter. Sanctuary Advisors LLC now owns 10,827 shares of the company’s stock worth $666,000 after buying an additional 1,073 shares during the period. Geode Capital Management LLC boosted its stake in Donnelley Financial Solutions by 3.6% during the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after buying an additional 20,652 shares during the period. Barclays PLC boosted its stake in Donnelley Financial Solutions by 33.0% during the third quarter. Barclays PLC now owns 75,359 shares of the company’s stock worth $4,960,000 after buying an additional 18,686 shares during the period. Finally, XTX Topco Ltd purchased a new position in Donnelley Financial Solutions during the third quarter worth about $377,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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).