Donnelley Financial Solutions (NYSE:DFIN) Hits New 1-Year Low – Should You Sell?

Donnelley Financial Solutions, Inc. (NYSE:DFIN)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $37.82 and last traded at $38.27, with a volume of 326548 shares trading hands. The stock had previously closed at $39.23.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DFIN. DA Davidson decreased their price target on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a report on Friday, March 28th.

Donnelley Financial Solutions Stock Down 2.4 %

The company has a market capitalization of $1.09 billion, a P/E ratio of 12.51 and a beta of 1.23. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $51.02 and its 200 day moving average is $58.54.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The business had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Insider Transactions at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield bought 1,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at $25,831,676.74. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in DFIN. Point72 Asset Management L.P. lifted its holdings in Donnelley Financial Solutions by 66.1% during the third quarter. Point72 Asset Management L.P. now owns 7,892 shares of the company’s stock valued at $520,000 after purchasing an additional 3,141 shares in the last quarter. Stifel Financial Corp boosted its holdings in Donnelley Financial Solutions by 108.0% in the 3rd quarter. Stifel Financial Corp now owns 11,091 shares of the company’s stock worth $730,000 after buying an additional 5,759 shares during the period. State Street Corp raised its holdings in Donnelley Financial Solutions by 0.4% during the third quarter. State Street Corp now owns 1,060,700 shares of the company’s stock valued at $69,826,000 after acquiring an additional 4,279 shares during the period. Jane Street Group LLC boosted its stake in shares of Donnelley Financial Solutions by 608.0% in the third quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after acquiring an additional 57,477 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Donnelley Financial Solutions during the third quarter worth about $377,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

About Donnelley Financial Solutions

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).