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

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a report issued on Thursday,Benzinga reports. They presently have a $72.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 37.48% from the stock’s current price.

Separately, DA Davidson reaffirmed a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Monday, April 14th.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $52.37 on Thursday. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $71.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. The firm has a market capitalization of $1.49 billion, a PE ratio of 17.11 and a beta of 1.23. The business’s fifty day moving average price is $44.28 and its 200 day moving average price is $55.76.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.54. The business had revenue of $201.10 million for the quarter, compared to analyst estimates of $194.47 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS.

Insider Activity

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

Institutional Investors Weigh In On Donnelley Financial Solutions

Hedge funds have recently modified their holdings of the stock. Huntington National Bank increased its stake in Donnelley Financial Solutions by 20.7% in the 4th quarter. Huntington National Bank now owns 910 shares of the company’s stock valued at $57,000 after buying an additional 156 shares during the period. Inspire Investing LLC boosted its holdings in shares of Donnelley Financial Solutions by 2.8% in the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock valued at $402,000 after acquiring an additional 177 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Donnelley Financial Solutions by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 52,025 shares of the company’s stock worth $3,264,000 after acquiring an additional 182 shares during the period. Sanctuary Advisors LLC raised its holdings in Donnelley Financial Solutions by 3.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company’s stock worth $752,000 after purchasing an additional 387 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Donnelley Financial Solutions by 197.2% in the first quarter. Versant Capital Management Inc now owns 743 shares of the company’s stock valued at $32,000 after purchasing an additional 493 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

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).