Donnelley Financial Solutions, Inc. (NYSE:DFIN) CEO Daniel Leib Sells 2,881 Shares

Donnelley Financial Solutions, Inc. (NYSE:DFIN) CEO Daniel Leib sold 2,881 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at approximately $36,262,234.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 16th, Daniel Leib sold 400 shares of Donnelley Financial Solutions stock. The stock was sold at an average price of $70.01, for a total transaction of $28,004.00.

Donnelley Financial Solutions Price Performance

Shares of NYSE DFIN opened at $69.36 on Friday. Donnelley Financial Solutions, Inc. has a twelve month low of $50.75 and a twelve month high of $71.01. 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 company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 21.15 and a beta of 1.36. The firm has a 50-day moving average of $65.69 and a two-hundred day moving average of $62.75.

Donnelley Financial Solutions (NYSE:DFIN) last issued 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 net margin of 13.22% and a return on equity of 25.45%. The company had revenue of $242.70 million during the quarter, compared to the consensus estimate of $247.70 million. As a group, analysts expect that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current fiscal year.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds have recently bought and sold shares of the company. CWM LLC lifted its stake in Donnelley Financial Solutions by 72.3% during the second quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 198 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Donnelley Financial Solutions by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock valued at $745,000 after buying an additional 200 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Donnelley Financial Solutions by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after buying an additional 249 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Donnelley Financial Solutions by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock valued at $1,343,000 after buying an additional 286 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Donnelley Financial Solutions by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock valued at $309,000 after buying an additional 345 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DFIN shares. DA Davidson upped 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. Needham & Company LLC upped 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.

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).