B. Riley Has Lowered Expectations for Donnelley Financial Solutions (NYSE:DFIN) Stock Price

Donnelley Financial Solutions (NYSE:DFIN) had its price target decreased by equities researchers at B. Riley from $80.00 to $70.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 22.89% from the stock’s previous close.

Several other research firms also recently issued reports on DFIN. Needham & Company LLC restated a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday. DA Davidson increased their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Donnelley Financial Solutions Stock Up 0.1 %

Donnelley Financial Solutions stock traded up $0.05 during trading hours on Tuesday, reaching $56.96. The stock had a trading volume of 29,420 shares, compared to its average volume of 167,353. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 17.82 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50 day moving average price is $65.45 and its 200-day moving average price is $63.36. Donnelley Financial Solutions has a 52 week low of $52.52 and a 52 week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The company had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. During the same quarter last year, the company earned $0.58 EPS. The business’s revenue was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Donnelley Financial Solutions will post 3.02 EPS for the current year.

Insider Buying and Selling

In related news, insider Eric J. Johnson sold 8,823 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $62.77, for a total value of $553,819.71. Following the transaction, the insider now owns 124,186 shares in the company, valued at approximately $7,795,155.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 8,823 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total value of $553,819.71. Following the sale, the insider now owns 124,186 shares in the company, valued at approximately $7,795,155.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel Leib sold 2,881 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the sale, the chief executive officer now owns 517,810 shares in the company, valued at approximately $36,262,234.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,113 shares of company stock worth $13,608,056. 11.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

Hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its position in Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 198 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Donnelley Financial Solutions by 781.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares in the last quarter. Quarry LP boosted its position in Donnelley Financial Solutions by 492.9% in the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after purchasing an additional 621 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $48,000. Finally, Quest Partners LLC purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $197,000. 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).