Daniel Leib Sells 400 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock

Donnelley Financial Solutions, Inc. (NYSE:DFIN) CEO Daniel Leib sold 400 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.01, for a total transaction of $28,004.00. Following the completion of the sale, the chief executive officer now directly owns 524,791 shares in the company, valued at approximately $36,740,617.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Daniel Leib also recently made the following trade(s):

• On Wednesday, September 18th, Daniel Leib sold 2,881 shares of Donnelley Financial Solutions stock. The shares were sold at an average price of $70.03, for a total value of $201,756.43.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $69.36 on Friday. Donnelley Financial Solutions, Inc. has a 1-year low of $50.75 and a 1-year high of $71.01. The company has a 50 day moving average of $65.69 and a 200-day moving average of $62.75. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 21.15 and a beta of 1.36.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DFIN shares. Needham & Company LLC increased their target price on Donnelley Financial Solutions from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. DA Davidson increased their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC grew its holdings in Donnelley Financial Solutions by 72.3% during the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 198 shares during the last quarter. Quarry LP grew its stake in shares of 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 during the last quarter. nVerses Capital LLC bought a new stake in shares of Donnelley Financial Solutions during the second quarter valued at approximately $48,000. Quest Partners LLC acquired a new stake in shares of Donnelley Financial Solutions in the second quarter valued at approximately $197,000. Finally, Caprock Group LLC bought a new position in Donnelley Financial Solutions in the 2nd quarter worth approximately $201,000. 93.84% of the stock is currently 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).