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 research report released on Friday,Benzinga reports. The firm currently has a $72.00 price objective on the stock.

Separately, DA Davidson cut their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Donnelley Financial Solutions Stock Down 2.8 %

Shares of Donnelley Financial Solutions stock opened at $43.83 on Friday. The business has a fifty day simple moving average of $54.95 and a 200 day simple moving average of $60.09. The stock has a market cap of $1.25 billion, a PE ratio of 14.32 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions has a 12 month low of $41.76 and a 12 month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Insider Activity

In related news, Director Gary G. Greenfield purchased 1,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were purchased at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the purchase, the director now owns 43,128 shares in the company, valued at $2,108,527.92. This represents a 2.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Leib sold 25,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the sale, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at $25,831,676.74. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors have recently modified their holdings of DFIN. Thrivent Financial for Lutherans raised its holdings in shares of Donnelley Financial Solutions by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after purchasing an additional 289 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Donnelley Financial Solutions by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock valued at $23,133,000 after buying an additional 19,740 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Donnelley Financial Solutions by 3.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 56,684 shares of the company’s stock worth $3,732,000 after buying an additional 1,900 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Donnelley Financial Solutions by 12.0% during the 3rd quarter. Martingale Asset Management L P now owns 28,429 shares of the company’s stock worth $1,871,000 after buying an additional 3,042 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Donnelley Financial Solutions by 66.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 7,892 shares of the company’s stock valued at $520,000 after acquiring an additional 3,141 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

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).