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

Needham & Company LLC reissued their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a report published on Wednesday, Benzinga reports. The firm currently has a $72.00 price target on the stock.

Several other equities research analysts have also recently commented on the stock. B. Riley raised their target price on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the stock a buy rating in a research report on Thursday, April 25th. DA Davidson raised shares of Donnelley Financial Solutions from a neutral rating to a buy rating and raised their target price for the stock from $60.00 to $72.00 in a research report on Friday, April 12th.

Donnelley Financial Solutions Trading Down 5.0 %

NYSE:DFIN opened at $59.61 on Wednesday. The company has a fifty day moving average of $62.47 and a 200 day moving average of $60.43. Donnelley Financial Solutions has a 52 week low of $40.73 and a 52 week high of $66.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.75 billion, a P/E ratio of 22.00 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The company had revenue of $176.50 million during the quarter, compared to analysts’ expectations of $169.35 million. During the same period in the prior year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts predict that Donnelley Financial Solutions will post 2.93 earnings per share for the current year.

Insider Activity at Donnelley Financial Solutions

In related news, Director Luis A. Aguilar sold 3,047 shares of Donnelley Financial Solutions stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.84, for a total transaction of $194,520.48. Following the completion of the transaction, the director now directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $66.02, for a total transaction of $376,181.96. Following the completion of the transaction, the insider now directly owns 148,748 shares of the company’s stock, valued at approximately $9,820,342.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Luis A. Aguilar sold 3,047 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.84, for a total transaction of $194,520.48. Following the sale, the director now owns 58,594 shares of the company’s stock, valued at $3,740,640.96. The disclosure for this sale can be found here. Insiders sold a total of 41,867 shares of company stock valued at $2,702,766 in the last three months. Company insiders own 11.90% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in Donnelley Financial Solutions by 4.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 53,381 shares of the company’s stock valued at $3,310,000 after purchasing an additional 2,458 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Donnelley Financial Solutions by 2.3% during the 1st quarter. BNP Paribas Financial Markets now owns 18,974 shares of the company’s stock valued at $1,177,000 after purchasing an additional 423 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Donnelley Financial Solutions by 4.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 37,361 shares of the company’s stock valued at $2,317,000 after purchasing an additional 1,425 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Donnelley Financial Solutions by 39.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 141,555 shares of the company’s stock valued at $8,778,000 after purchasing an additional 40,181 shares in the last quarter. Finally, Bridge City Capital LLC increased its stake in Donnelley Financial Solutions by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 6,005 shares of the company’s stock valued at $372,000 after purchasing an additional 912 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

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).