Donnelley Financial Solutions (NYSE:DFIN) Sees Strong Trading Volume – Should You Buy?

Donnelley Financial Solutions, Inc. (NYSE:DFIN) shares saw an uptick in trading volume on Tuesday . 244,036 shares changed hands during mid-day trading, an increase of 43% from the previous session’s volume of 170,995 shares.The stock last traded at $59.56 and had previously closed at $59.89.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DFIN shares. B. Riley dropped their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Donnelley Financial Solutions Price Performance

The company has a market capitalization of $1.72 billion, a P/E ratio of 18.65 and a beta of 1.39. The business’s 50-day moving average is $63.05 and its two-hundred day moving average is $63.10. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The business had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. During the same quarter in the previous year, the firm earned $0.58 EPS. Donnelley Financial Solutions’s quarterly revenue was down .3% on a year-over-year basis. As a group, analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the sale, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Daniel Leib sold 2,881 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total value of $201,756.43. Following the transaction, the chief executive officer now directly owns 517,810 shares in the company, valued at $36,262,234.30. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 425,331 shares of company stock worth $26,738,613. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CWM LLC raised its position in shares of Donnelley Financial Solutions by 72.3% during the 2nd 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. Farther Finance Advisors LLC raised its position in Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after purchasing an additional 422 shares in the last quarter. Quarry LP lifted 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 last quarter. nVerses Capital LLC purchased a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth about $48,000. Finally, Point72 DIFC Ltd bought a new position in shares of Donnelley Financial Solutions during the 3rd quarter valued at about $74,000. 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).