Donnelley Financial Solutions (NYSE:DFIN) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a research report sent to investors on Wednesday,Benzinga reports. Needham & Company LLC currently has a $79.00 price target on the stock.

Separately, B. Riley reduced their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Donnelley Financial Solutions Price Performance

Shares of Donnelley Financial Solutions stock opened at $60.60 on Wednesday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 18.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $60.98 and a 200-day moving average price of $63.32. Donnelley Financial Solutions has a one year low of $56.02 and a one year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.48 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 during the quarter, compared to the consensus estimate of $181.55 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was down .3% on a year-over-year basis.

Insider Activity at Donnelley Financial Solutions

In related news, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the transaction, the director now owns 774,165 shares of the company’s stock, valued at approximately $45,265,427.55. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the transaction, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently made changes to their positions in DFIN. Thrivent Financial for Lutherans increased its position in Donnelley Financial Solutions by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock worth $1,381,000 after buying an additional 289 shares during the period. Inspire Investing LLC raised its stake in shares of Donnelley Financial Solutions by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 6,236 shares of the company’s stock worth $411,000 after purchasing an additional 310 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Donnelley Financial Solutions by 3.1% during the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock valued at $709,000 after acquiring an additional 320 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Donnelley Financial Solutions by 3.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock valued at $849,000 after acquiring an additional 400 shares during the last quarter. Finally, Ellsworth Advisors LLC grew its holdings in Donnelley Financial Solutions by 4.4% in the 3rd quarter. Ellsworth Advisors LLC now owns 9,824 shares of the company’s stock valued at $647,000 after buying an additional 415 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

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).