Donnelley Financial Solutions’ (DFIN) Buy Rating Reiterated at Needham & Company LLC

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They currently have a $79.00 target price on the stock. Needham & Company LLC’s target price would indicate a potential upside of 26.72% from the stock’s previous close.

Separately, B. Riley dropped their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $62.34 on Wednesday. Donnelley Financial Solutions has a one year low of $56.02 and a one year high of $71.01. The stock’s fifty day moving average is $60.98 and its 200-day moving average is $63.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.48 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.28). The company had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the transaction, the chief financial officer now owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the sale, the director now owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently bought and sold shares of DFIN. Farther Finance Advisors LLC lifted 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 valued at $31,000 after buying an additional 422 shares in the last quarter. Quarry LP raised its holdings in shares of Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at approximately $74,000. Atria Investments Inc acquired a new position in Donnelley Financial Solutions in the 3rd quarter worth approximately $225,000. Finally, Aigen Investment Management LP purchased a new position in Donnelley Financial Solutions during the 3rd quarter worth approximately $248,000. 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).