Needham & Company LLC Cuts Donnelley Financial Solutions (NYSE:DFIN) Price Target to $72.00

Donnelley Financial Solutions (NYSE:DFIN) had its price objective cut by Needham & Company LLC from $79.00 to $72.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

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

Donnelley Financial Solutions Trading Down 3.0 %

NYSE DFIN opened at $48.51 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.39 billion, a PE ratio of 15.85 and a beta of 1.36. The company has a 50 day moving average price of $62.46 and a 200 day moving average price of $63.36. Donnelley Financial Solutions has a 52 week low of $47.94 and a 52 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 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The firm had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Insiders Place Their Bets

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

Institutional Trading of Donnelley Financial Solutions

Large investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd grew its position in Donnelley Financial Solutions by 106.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after purchasing an additional 9,197 shares during the last quarter. Choreo LLC purchased a new stake in Donnelley Financial Solutions during the 4th quarter worth approximately $265,000. World Investment Advisors LLC purchased a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at $719,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at $2,264,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Donnelley Financial Solutions by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after acquiring an additional 46,273 shares during the last quarter. 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).