Short Interest in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Rises By 20.0%

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,260,000 shares, a growth of 20.0% from the December 31st total of 1,050,000 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily trading volume, of 198,900 shares, the short-interest ratio is presently 6.3 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on DFIN. B. Riley dropped their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC restated a "buy" rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was 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 directly owns 197,406 shares of the company's stock, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its holdings in shares of Donnelley Financial Solutions by 584.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock worth $73,000 after purchasing an additional 987 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Donnelley Financial Solutions by 40.6% in the 4th quarter. Bridges Investment Management Inc. now owns 8,478 shares of the company's stock worth $532,000 after buying an additional 2,449 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Donnelley Financial Solutions by 24.5% during the 4th quarter. Fisher Asset Management LLC now owns 103,793 shares of the company's stock valued at $6,511,000 after buying an additional 20,418 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Donnelley Financial Solutions by 6.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 14,017 shares of the company's stock valued at $879,000 after buying an additional 879 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Donnelley Financial Solutions by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 175,782 shares of the company's stock worth $11,027,000 after acquiring an additional 1,350 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Price Performance

NYSE:DFIN traded up $1.85 during trading hours on Wednesday, hitting $69.31. The stock had a trading volume of 282,369 shares, compared to its average volume of 169,129. The company has a 50 day simple moving average of $62.35 and a two-hundred day simple moving average of $63.81. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 21.66 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. Donnelley Financial Solutions has a one year low of $56.02 and a one year high of $71.01.

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).