David A. Gardella Sells 3,000 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report) CFO David A. Gardella sold 3,000 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the sale, the chief financial officer now owns 197,406 shares of the company's stock, valued at $12,373,408.08. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Donnelley Financial Solutions Stock Up 0.9 %

Shares of NYSE:DFIN traded up $0.54 during midday trading on Thursday, reaching $60.71. 210,841 shares of the company were exchanged, compared to its average volume of 171,658. The firm has a market cap of $1.75 billion, a PE ratio of 18.97 and a beta of 1.39. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions, Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $71.01. The stock has a fifty day simple moving average of $61.91 and a two-hundred day simple moving average of $63.02.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). The firm had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. As a group, sell-side analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Hedge funds have recently made changes to their positions in the business. Mawer Investment Management Ltd. grew its holdings in shares of Donnelley Financial Solutions by 3.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company's stock valued at $125,864,000 after acquiring an additional 68,908 shares in the last quarter. American Century Companies Inc. boosted its position in Donnelley Financial Solutions by 15.3% during the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company's stock valued at $68,727,000 after purchasing an additional 152,867 shares during the last quarter. State Street Corp grew its stake in Donnelley Financial Solutions by 0.4% in the third quarter. State Street Corp now owns 1,060,700 shares of the company's stock valued at $69,826,000 after purchasing an additional 4,279 shares in the last quarter. Rice Hall James & Associates LLC increased its position in shares of Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company's stock worth $59,218,000 after purchasing an additional 24,869 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Donnelley Financial Solutions by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company's stock worth $39,061,000 after purchasing an additional 20,652 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

DFIN has been the subject of a number of recent analyst reports. B. Riley lowered their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, November 1st.

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).