Donnelley Financial Solutions (NYSE:DFIN) Shares Gap Down - Here's What Happened

Key Points

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Shares of Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $63.86, but opened at $58.95. Donnelley Financial Solutions shares last traded at $53.51, with a volume of 124,269 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on DFIN. Needham & Company LLC reissued a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st. Wall Street Zen cut shares of Donnelley Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, DA Davidson restated a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Donnelley Financial Solutions Trading Up 1.5%

The stock has a market cap of $1.43 billion, a P/E ratio of 18.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 1.29. The business's 50 day simple moving average is $59.98 and its 200 day simple moving average is $54.42.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $218.10 million during the quarter, compared to analysts' expectations of $226.13 million. Donnelley Financial Solutions had a net margin of 10.87% and a return on equity of 20.03%. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share.

Insider Activity

In other news, insider Craig Clay sold 11,022 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $54.03, for a total value of $595,518.66. Following the completion of the transaction, the insider owned 143,448 shares in the company, valued at approximately $7,750,495.44. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Donnelley Financial Solutions by 1,107.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company's stock valued at $31,000 after acquiring an additional 465 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Donnelley Financial Solutions by 197.2% in the first quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after acquiring an additional 493 shares during the last quarter. Quarry LP bought a new position in shares of Donnelley Financial Solutions in the fourth quarter valued at approximately $42,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Donnelley Financial Solutions in the first quarter valued at approximately $43,000. Finally, CWM LLC raised its stake in shares of Donnelley Financial Solutions by 53.7% in the second quarter. CWM LLC now owns 690 shares of the company's stock valued at $43,000 after acquiring an additional 241 shares during the last quarter. 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).