Donnelley Financial Solutions (NYSE:DFIN) Stock: Insider Kami Turner Sells 12,100 Shares

Key Points

• Chief Accounting Officer Kami Turner sold 12,100 shares for about $811,426, reducing her position by 19.39% to 50,314 shares.
• Donnelley Financial Solutions beat quarterly expectations, reporting EPS of $1.07 versus estimates of $0.84 and revenue of $185 million, up 5.5% year over year.
• Analysts’ consensus rating is Moderate Buy, with a $74 average price target; recent price targets were raised to $72 by Needham and $76 by DA Davidson.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) CAO Kami Turner sold 12,100 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $67.06, for a total value of $811,426.00. Following the completion of the transaction, the chief accounting officer directly owned 50,314 shares of the company's stock, valued at approximately $3,374,056.84. This trade represents a 19.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Donnelley Financial Solutions Price Performance

DFIN traded up $1.65 on Wednesday, hitting $69.79. 418,732 shares of the stock were exchanged, compared to its average volume of 280,047. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $72.04. The business has a 50-day moving average of $50.82 and a two-hundred day moving average of $47.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 18.42 and a beta of 0.65.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.23. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. The firm had revenue of $185.00 million for the quarter, compared to the consensus estimate of $179.90 million. During the same period in the prior year, the company posted $0.86 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in DFIN. Bank of America Corp DE acquired a new stake in Donnelley Financial Solutions in the second quarter valued at approximately $5,608,000. WINTON GROUP Ltd bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $2,813,000. Bank of New York Mellon Corp bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $5,935,000. BlackRock Inc. bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $165,182,000. Finally, Legal & General Group Plc acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at $2,340,000. Institutional investors own 93.84% of the company's stock.

Analyst Ratings Changes

DFIN has been the topic of several analyst reports. Zacks Research lowered shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Needham & Company LLC boosted their price objective on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, October 30th. DA Davidson boosted their price objective on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen upgraded Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Weiss Ratings raised Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.00.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc NYSE: DFIN provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company's offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.