Donnelley Financial Solutions (NYSE:DFIN) Hits New 1-Year High at $71.01

Donnelley Financial Solutions, Inc. (NYSE:DFIN) shares hit a new 52-week high on Wednesday . The stock traded as high as $71.01 and last traded at $69.00, with a volume of 3860 shares. The stock had previously closed at $69.46.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DFIN. B. Riley boosted their price target on Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, May 1st. Finally, DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $60.00 to $72.00 in a research note on Friday, April 12th.

Donnelley Financial Solutions Stock Performance

The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 20.91 and a beta of 1.41. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $61.16 and its 200-day moving average is $62.08.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.64 by $0.25. Donnelley Financial Solutions had a return on equity of 24.68% and a net margin of 12.43%. The company had revenue of $203.40 million during the quarter, compared to the consensus estimate of $214.10 million. On average, analysts forecast that Donnelley Financial Solutions, Inc. will post 3.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Craig Clay sold 400 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.10, for a total value of $26,440.00. Following the completion of the sale, the insider now directly owns 148,348 shares in the company, valued at approximately $9,805,802.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donnelley Financial Solutions news, insider Robert Kirk Williams sold 19,084 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $63.58, for a total value of $1,213,360.72. Following the completion of the sale, the insider now owns 58,983 shares of the company’s stock, valued at approximately $3,750,139.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Clay sold 400 shares of Donnelley Financial Solutions stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the sale, the insider now owns 148,348 shares of the company’s stock, valued at $9,805,802.80. The disclosure for this sale can be found here. Insiders sold 578,832 shares of company stock worth $35,850,997 over the last three months. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently added to or reduced their stakes in DFIN. Mawer Investment Management Ltd. grew its stake in Donnelley Financial Solutions by 47.5% during the first quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock worth $126,637,000 after buying an additional 657,835 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Donnelley Financial Solutions by 52.0% in the 4th quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock valued at $43,471,000 after purchasing an additional 238,489 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Donnelley Financial Solutions by 0.8% during the 1st quarter. William Blair Investment Management LLC now owns 445,815 shares of the company’s stock worth $27,645,000 after buying an additional 3,416 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Donnelley Financial Solutions by 1,178.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after buying an additional 302,957 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Donnelley Financial Solutions by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 328,050 shares of the company’s stock valued at $20,460,000 after acquiring an additional 1,321 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

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).