Donnelley Financial Solutions (NYSE:DFIN) Stock Price Up 2.6%

Donnelley Financial Solutions, Inc. (NYSE:DFIN) shares shot up 2.6% during mid-day trading on Friday . The stock traded as high as $62.02 and last traded at $61.48. 107,826 shares were traded during mid-day trading, a decline of 41% from the average session volume of 182,075 shares. The stock had previously closed at $59.90.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DFIN. Needham & Company LLC lifted their price target on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $72.00 in a research note on Friday.

Donnelley Financial Solutions Stock Performance

The company has a market cap of $1.83 billion, a P/E ratio of 22.93 and a beta of 1.50. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $62.57 and a 200-day moving average price of $59.75.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm had revenue of $176.50 million for the quarter, compared to the consensus estimate of $169.35 million. Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, equities analysts expect that Donnelley Financial Solutions, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Luis A. Aguilar sold 3,047 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the sale, the director now owns 58,594 shares in the company, valued at approximately $3,740,640.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of Donnelley Financial Solutions stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the transaction, the director now directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at $33,752,538.24. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DFIN. Envestnet Asset Management Inc. lifted its holdings in Donnelley Financial Solutions by 5.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,040 shares of the company’s stock worth $234,000 after buying an additional 363 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Donnelley Financial Solutions by 4.3% in the 1st quarter. JPMorgan Chase & Co. now owns 396,944 shares of the company’s stock valued at $13,203,000 after purchasing an additional 16,241 shares during the period. Raymond James & Associates lifted its stake in shares of Donnelley Financial Solutions by 13.6% in the 1st quarter. Raymond James & Associates now owns 67,692 shares of the company’s stock valued at $2,251,000 after purchasing an additional 8,094 shares during the period. Citigroup Inc. boosted its position in shares of Donnelley Financial Solutions by 8.4% during the 1st quarter. Citigroup Inc. now owns 28,882 shares of the company’s stock valued at $960,000 after purchasing an additional 2,228 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Donnelley Financial Solutions by 5.4% during the first quarter. Bank of Montreal Can now owns 8,306 shares of the company’s stock worth $284,000 after purchasing an additional 429 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Company Profile

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).