Donnelley Financial Solutions, Inc. (NYSE:DFIN) Insider Craig Clay Sells 11,022 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report) insider Craig Clay sold 11,022 shares of Donnelley Financial Solutions stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the transaction, the insider now owns 143,448 shares in the company, valued at approximately $7,750,495.44. This represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Donnelley Financial Solutions Trading Down 1.2%

Shares of NYSE DFIN traded down $0.66 during midday trading on Friday, hitting $54.35. The stock had a trading volume of 251,889 shares, compared to its average volume of 224,141. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.76 and a beta of 1.04. Donnelley Financial Solutions, Inc. has a 1-year low of $37.80 and a 1-year high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $47.63 and a 200 day moving average price of $54.60.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.47 million. During the same period in the previous year, the business earned $0.91 EPS. Donnelley Financial Solutions's revenue for the quarter was down 1.1% compared to the same quarter last year.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently made changes to their positions in DFIN. Versant Capital Management Inc raised its position in shares of Donnelley Financial Solutions by 197.2% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after purchasing an additional 493 shares in the last quarter. Quarry LP bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $42,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Donnelley Financial Solutions in the 1st quarter valued at approximately $43,000. Aquatic Capital Management LLC bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $49,000. Finally, SVB Wealth LLC bought a new stake in shares of Donnelley Financial Solutions in the 1st quarter valued at approximately $49,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DFIN has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st. DA Davidson reaffirmed a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a report on Monday, April 14th.

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).