Donnelley Financial Solutions (NYSE:DFIN) Trading 2.6% Higher

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report) shares traded up 2.6% during trading on Friday . The company traded as high as $62.02 and last traded at $61.48. 107,826 shares changed hands during trading, a decline of 41% from the average session volume of 182,075 shares. The stock had previously closed at $59.90.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Needham & Company LLC increased their price objective on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. DA Davidson raised Donnelley Financial Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the company from $60.00 to $72.00 in a research note on Friday.

Donnelley Financial Solutions Price Performance

The company has a 50-day moving average of $62.57 and a two-hundred day moving average of $59.69. The stock has a market capitalization of $1.83 billion, a PE ratio of 22.93 and a beta of 1.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The business had revenue of $176.50 million for the quarter, compared to analysts' expectations of $169.35 million. During the same quarter last year, the company posted $0.36 earnings per share. The business's quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Daniel Leib sold 33,122 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at $33,752,538.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Daniel Leib sold 33,122 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at approximately $33,752,538.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the transaction, the director now owns 58,594 shares in the company, valued at $3,740,640.96. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Donnelley Financial Solutions by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,707 shares of the company's stock worth $1,604,000 after purchasing an additional 158 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of Donnelley Financial Solutions by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 15,436 shares of the company's stock valued at $963,000 after buying an additional 178 shares during the period. Advisor Partners II LLC raised its holdings in shares of Donnelley Financial Solutions by 3.6% during the 4th quarter. Advisor Partners II LLC now owns 7,377 shares of the company's stock valued at $285,000 after buying an additional 254 shares during the period. Pathstone Family Office LLC raised its holdings in shares of Donnelley Financial Solutions by 3.3% during the 4th quarter. Pathstone Family Office LLC now owns 8,034 shares of the company's stock valued at $311,000 after buying an additional 254 shares during the period. Finally, State of Wyoming raised its holdings in shares of Donnelley Financial Solutions by 5.2% during the 4th quarter. State of Wyoming now owns 5,252 shares of the company's stock valued at $203,000 after buying an additional 261 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

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).