Donnelley Financial Solutions’ (DFIN) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a research note published on Friday,Benzinga reports. The brokerage currently has a $72.00 target price on the stock.

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

Donnelley Financial Solutions Stock Down 2.8 %

Shares of Donnelley Financial Solutions stock opened at $43.83 on Friday. Donnelley Financial Solutions has a one year low of $41.76 and a one year high of $71.01. The company has a market cap of $1.25 billion, a P/E ratio of 14.32 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 firm has a fifty day moving average of $54.95 and a two-hundred day moving average of $60.05.

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

Insider Activity

In other news, CEO Daniel Leib sold 25,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the sale, the chief executive officer now directly owns 515,191 shares in the company, valued at $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary G. Greenfield acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds have recently bought and sold shares of DFIN. Huntington National Bank grew its position in shares of Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company’s stock valued at $57,000 after purchasing an additional 156 shares during the period. Inspire Investing LLC lifted its position in Donnelley Financial Solutions by 2.8% during the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock worth $402,000 after buying an additional 177 shares during the period. New York State Teachers Retirement System boosted its stake in Donnelley Financial Solutions by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company’s stock worth $3,264,000 after buying an additional 182 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Donnelley Financial Solutions by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after buying an additional 289 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of Donnelley Financial Solutions by 3.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company’s stock valued at $752,000 after acquiring an additional 387 shares during the last quarter. 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).