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

Donnelley Financial Solutions (NYSE:DFIN) had its price objective decreased by stock analysts at B. Riley from $80.00 to $70.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 15.61% from the company’s current price.

Other research analysts have also issued reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. DA Davidson lifted their price target on 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 4.8 %

DFIN stock opened at $60.55 on Tuesday. Donnelley Financial Solutions has a 52 week low of $52.52 and a 52 week high of $71.01. The company has a market cap of $1.75 billion, a PE ratio of 18.92 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $65.18 and a 200 day simple moving average of $63.31.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results 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 return on equity of 22.70% and a net margin of 12.06%. 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 posted $0.58 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts anticipate that Donnelley Financial Solutions will post 3.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey Jacobowitz sold 73,354 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the sale, the director now owns 1,203,451 shares of the company’s stock, valued at approximately $83,579,671.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the completion of the sale, the director now directly owns 1,203,451 shares in the company, valued at $83,579,671.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel Leib sold 400 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $70.01, for a total value of $28,004.00. Following the completion of the transaction, the chief executive officer now directly owns 524,791 shares in the company, valued at approximately $36,740,617.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,290 shares of company stock valued at $13,054,236. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CWM LLC increased its stake in shares of Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 198 shares during the period. Farther Finance Advisors LLC boosted its position in Donnelley Financial Solutions by 781.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after acquiring an additional 422 shares in the last quarter. Quarry LP raised its holdings in Donnelley Financial Solutions by 492.9% in the second 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 Donnelley Financial Solutions during the 2nd quarter valued at about $48,000. Finally, Quest Partners LLC purchased a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth approximately $197,000. 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).