Insider Selling: Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Sells $7,730,040.10 in Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Director Jeffrey Jacobowitz sold 114,655 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $67.42, for a total value of $7,730,040.10. Following the completion of the transaction, the director now owns 1,008,206 shares of the company’s stock, valued at approximately $67,973,248.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Jacobowitz also recently made the following trade(s):

• On Wednesday, September 18th, Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $69.45, for a total value of $5,094,435.30.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $67.00 on Monday. The firm’s 50-day moving average price is $65.82 and its 200-day moving average price is $62.73. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.96 billion, a PE ratio of 20.43 and a beta of 1.36. Donnelley Financial Solutions, Inc. has a 52-week low of $50.75 and a 52-week high of $71.01.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DFIN. CWM LLC grew its position in shares of Donnelley Financial Solutions by 72.3% during the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 198 shares during the period. Quarry LP lifted its position in Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after purchasing an additional 621 shares in the last quarter. nVerses Capital LLC bought a new stake in Donnelley Financial Solutions during the second quarter valued at about $48,000. Quest Partners LLC bought a new stake in Donnelley Financial Solutions during the second quarter valued at about $197,000. Finally, Caprock Group LLC bought a new stake in Donnelley Financial Solutions during the second quarter valued at about $201,000. 93.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DFIN has been the topic of a number of recent analyst reports. 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. DA Davidson raised their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 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).