Robert Kirk Williams Sells 19,084 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) insider Robert Kirk Williams sold 19,084 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $63.58, for a total transaction of $1,213,360.72. Following the completion of the transaction, the insider now directly owns 58,983 shares of the company’s stock, valued at approximately $3,750,139.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Donnelley Financial Solutions Stock Performance

Shares of NYSE:DFIN opened at $63.00 on Wednesday. The firm has a market cap of $1.85 billion, a PE ratio of 19.21 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, Inc. has a one year low of $41.74 and a one year high of $66.21. 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 (NYSE:DFIN) last issued its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $169.35 million. Donnelley Financial Solutions had a return on equity of 24.68% and a net margin of 12.43%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. As a group, equities analysts predict that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors have recently modified their holdings of DFIN. Mawer Investment Management Ltd. boosted its holdings in shares of Donnelley Financial Solutions by 47.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock valued at $126,637,000 after buying an additional 657,835 shares in the last quarter. 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. Boston Trust Walden Corp boosted its holdings in Donnelley Financial Solutions by 52.0% in 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 during the last quarter. Access Investment Management LLC acquired a new stake in Donnelley Financial Solutions during the fourth quarter worth about $13,606,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Donnelley Financial Solutions by 445.4% in the third quarter. Envestnet Asset Management Inc. now owns 138,316 shares of the company’s stock valued at $7,784,000 after acquiring an additional 112,954 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DFIN. B. Riley raised 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. DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $72.00 in a research note on Friday, April 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, May 1st.

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).