Short Interest in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Decreases By 10.3%

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,130,000 shares, a decrease of 10.3% from the March 15th total of 1,260,000 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 186,200 shares, the short-interest ratio is presently 6.1 days.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Needham & Company LLC upped their price target on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $72.00 in a report on Friday.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of large investors have recently made changes to their positions in DFIN. Quarry LP acquired a new position in Donnelley Financial Solutions in the second quarter worth approximately $28,000. Quantbot Technologies LP acquired a new position in Donnelley Financial Solutions in the third quarter worth approximately $40,000. Tower Research Capital LLC TRC increased its holdings in Donnelley Financial Solutions by 65.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company’s stock worth $62,000 after buying an additional 660 shares during the last quarter. USA Financial Formulas acquired a new position in Donnelley Financial Solutions in the fourth quarter worth approximately $72,000. Finally, Bfsg LLC acquired a new position in Donnelley Financial Solutions in the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

NYSE DFIN opened at $62.15 on Monday. The company has a market cap of $1.83 billion, a PE ratio of 22.93 and a beta of 1.50. Donnelley Financial Solutions has a 1 year low of $40.73 and a 1 year high of $66.00. 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 stock’s 50-day moving average price is $62.57 and its two-hundred day moving average price is $59.80.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results 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 business had revenue of $176.50 million during the quarter, compared to analyst estimates of $169.35 million. Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. Donnelley Financial Solutions’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, analysts predict that Donnelley Financial Solutions will post 2.93 EPS for the current year.

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).