Donnelley Financial Solutions (NYSE:DFIN) Shares Gap Down Following Weak Earnings

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report) shares gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $65.85, but opened at $63.85. Donnelley Financial Solutions shares last traded at $58.54, with a volume of 28,185 shares trading hands.

The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). The firm had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DFIN shares. B. Riley reduced their price target on 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 reduced their target price on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday. Finally, DA Davidson lowered their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating on the stock in a research note on Thursday.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction on 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 in the company, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank increased its position in Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after buying an additional 156 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock worth $402,000 after acquiring an additional 177 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Donnelley Financial Solutions by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after acquiring an additional 182 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Donnelley Financial Solutions by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock valued at $1,381,000 after acquiring an additional 289 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Donnelley Financial Solutions by 3.1% during the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company's stock valued at $709,000 after purchasing an additional 320 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Stock Performance

The stock has a market capitalization of $1.39 billion, a P/E ratio of 15.85 and a beta of 1.36. The stock's 50-day simple moving average is $62.46 and its 200 day simple moving average is $63.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15.

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).