Needham & Company LLC Reaffirms Buy Rating for Donnelley Financial Solutions (NYSE:DFIN)

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They currently have a $72.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 59.59% from the stock’s previous close.

Separately, DA Davidson reduced their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 20th.

Donnelley Financial Solutions Stock Down 0.5 %

DFIN stock opened at $45.12 on Friday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 14.74 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The business’s 50-day moving average is $55.31 and its two-hundred day moving average is $60.24. Donnelley Financial Solutions has a fifty-two week low of $41.76 and a fifty-two week high of $71.01.

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

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Gary G. Greenfield acquired 1,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 43,128 shares in the company, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now owns 515,191 shares of the company’s stock, valued at $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. 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

Several hedge funds have recently modified their holdings of DFIN. Frontier Capital Management Co. LLC bought a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at about $26,329,000. Port Capital LLC bought a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at approximately $23,114,000. Tidal Investments LLC bought a new stake in Donnelley Financial Solutions in the fourth quarter worth $19,595,000. Public Employees Retirement Association of Colorado lifted its position in Donnelley Financial Solutions by 5,062.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company’s stock valued at $12,436,000 after purchasing an additional 194,399 shares during the last quarter. Finally, Shapiro Capital Management LLC purchased a new stake in shares of Donnelley Financial Solutions during the 4th quarter valued at about $11,381,000. 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).