Donnelley Financial Solutions (NYSE:DFIN) Shares Gap Down - Time to Sell?

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report)'s share price gapped down prior to trading 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 traded.

Wall Street Analysts Forecast Growth

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

Donnelley Financial Solutions Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 1.24. The firm has a market cap of $1.41 billion, a P/E ratio of 18.05 and a beta of 1.07. The firm's 50 day moving average is $59.98 and its 200 day moving average is $54.47.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. Donnelley Financial Solutions had a return on equity of 20.03% and a net margin of 10.87%. The business had revenue of $218.10 million for the quarter, compared to analysts' expectations of $226.13 million. During the same period in the prior year, the firm posted $1.47 EPS. The firm's quarterly revenue was down 10.1% on a year-over-year basis.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, insider Craig Clay sold 11,022 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $54.03, for a total transaction 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. This represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of DFIN. Frontier Capital Management Co. LLC bought a new position in Donnelley Financial Solutions during the fourth quarter valued at $26,329,000. Port Capital LLC bought a new position in Donnelley Financial Solutions during the fourth quarter valued at $23,114,000. Tidal Investments LLC bought a new position in Donnelley Financial Solutions during the fourth quarter valued at $19,595,000. Public Employees Retirement Association of Colorado lifted its position in Donnelley Financial Solutions by 5,062.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company's stock valued at $12,436,000 after purchasing an additional 194,399 shares during the last quarter. Finally, Burgundy Asset Management Ltd. bought a new position in Donnelley Financial Solutions during the first quarter valued at $8,304,000. 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).