Donnelley Financial Solutions (NYSE:DFIN) Price Target Lowered to $72.00 at DA Davidson

Donnelley Financial Solutions (NYSE:DFIN) had its target price trimmed by DA Davidson from $76.00 to $72.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on the stock. B. Riley lowered their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC lowered their target price on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $50.05 on Thursday. The stock’s 50-day moving average is $62.73 and its two-hundred day moving average is $63.44. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 16.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. Donnelley Financial Solutions has a 1 year low of $47.94 and a 1 year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data 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 business had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.71% and a net margin of 11.82%.

Insider Activity at Donnelley Financial Solutions

In other news, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DFIN. State Street Corp grew its position in Donnelley Financial Solutions by 0.4% during the third quarter. State Street Corp now owns 1,060,700 shares of the company’s stock valued at $69,826,000 after acquiring an additional 4,279 shares during the period. Rice Hall James & Associates LLC grew its holdings in Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after purchasing an additional 24,869 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Donnelley Financial Solutions by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company’s stock valued at $37,347,000 after acquiring an additional 39,980 shares in the last quarter. Geode Capital Management LLC increased its holdings in Donnelley Financial Solutions by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after purchasing an additional 20,652 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Donnelley Financial Solutions by 17.2% in the fourth quarter. Northern Trust Corp now owns 545,203 shares of the company’s stock worth $34,201,000 after buying an additional 79,848 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other 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).