Donnelley Financial Solutions (NYSE:DFIN) Shares Gap Down – Should You Sell?

Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) gapped down before the market opened on Thursday . The stock had previously closed at $63.88, but opened at $59.68. Donnelley Financial Solutions shares last traded at $60.15, with a volume of 23,303 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. DA Davidson boosted their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, September 27th.

Donnelley Financial Solutions Trading Down 7.9 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50 day moving average price is $65.97 and its 200-day moving average price is $63.43. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.13 and a beta of 1.35.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $242.70 million for the quarter, compared to analyst estimates of $247.70 million. Equities analysts forecast that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 8,823 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $62.77, for a total transaction of $553,819.71. Following the transaction, the insider now directly owns 124,186 shares in the company, valued at approximately $7,795,155.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 8,823 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $62.77, for a total transaction of $553,819.71. Following the transaction, the insider now directly owns 124,186 shares in the company, valued at approximately $7,795,155.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the completion of the sale, the director now owns 1,203,451 shares in the company, valued at $83,579,671.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 200,113 shares of company stock worth $13,608,056 over the last ninety days. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC raised its stake in Donnelley Financial Solutions by 72.3% during the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 198 shares during the period. Farther Finance Advisors LLC raised its stake in Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares during the period. Quarry LP raised its stake in Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after purchasing an additional 621 shares during the period. nVerses Capital LLC purchased a new position in Donnelley Financial Solutions during the second quarter worth approximately $48,000. Finally, Quest Partners LLC purchased a new position in Donnelley Financial Solutions during the second quarter worth approximately $197,000. Hedge funds and other 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).