Donnelley Financial Solutions, Inc. (NYSE:DFIN) CEO Sells $201,756.43 in Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) CEO Daniel Leib sold 2,881 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the transaction, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at approximately $36,262,234.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Daniel Leib also recently made the following trade(s):

• On Monday, September 16th, Daniel Leib sold 400 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $70.01, for a total value of $28,004.00.

Donnelley Financial Solutions Stock Down 2.4 %

Shares of DFIN traded down $1.65 during trading hours on Wednesday, hitting $68.25. 211,738 shares of the company were exchanged, compared to its average volume of 166,217. The firm’s 50 day moving average is $65.31 and its 200-day moving average is $62.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45. Donnelley Financial Solutions, Inc. has a 52 week low of $50.75 and a 52 week high of $71.01. The company has a market cap of $2.00 billion, a PE ratio of 21.32 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. The firm had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $247.70 million. On average, equities research analysts forecast that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DFIN. DA Davidson boosted their target price on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC raised their price target on shares of Donnelley Financial Solutions from $72.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

Institutional Trading of Donnelley Financial Solutions

Several large investors have recently modified their holdings of DFIN. Charles Schwab Investment Management Inc. grew its holdings in Donnelley Financial Solutions by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 328,050 shares of the company’s stock valued at $20,460,000 after buying an additional 1,321 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth $3,176,000. Assetmark Inc. increased its position in Donnelley Financial Solutions by 5.8% during the fourth quarter. Assetmark Inc. now owns 35,850 shares of the company’s stock worth $2,236,000 after acquiring an additional 1,968 shares during the period. US Bancorp DE raised its stake in Donnelley Financial Solutions by 506.8% during the 4th quarter. US Bancorp DE now owns 11,668 shares of the company’s stock valued at $728,000 after purchasing an additional 9,745 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Donnelley Financial Solutions in the 4th quarter valued at $788,000. 93.84% of the stock is owned by 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).