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

Needham & Company LLC reiterated their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a research note published on Friday, Benzinga reports. They currently have a $79.00 price objective on the stock.

Separately, DA Davidson boosted their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Donnelley Financial Solutions Stock Performance

DFIN traded down $1.88 during trading on Friday, reaching $56.46. 394,803 shares of the company’s stock were exchanged, compared to its average volume of 167,293. Donnelley Financial Solutions has a fifty-two week low of $52.52 and a fifty-two week high of $71.01. The company has a market capitalization of $1.64 billion, a P/E ratio of 17.65 and a beta of 1.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $65.64 and a 200 day moving average price of $63.37.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. Donnelley Financial Solutions had a net margin of 13.22% and a return on equity of 25.45%. The firm had revenue of $242.70 million for the quarter, compared to analyst estimates of $247.70 million. As a group, analysts predict that Donnelley Financial Solutions will post 3.02 earnings per share for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 400 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $70.01, for a total value of $28,004.00. Following the completion of the sale, the chief executive officer now directly owns 524,791 shares of the company’s stock, valued at $36,740,617.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Daniel Leib sold 400 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $70.01, for a total value of $28,004.00. Following the transaction, the chief executive officer now owns 524,791 shares of the company’s stock, valued at approximately $36,740,617.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the transaction, the director now directly owns 1,203,451 shares in the company, valued at approximately $83,579,671.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 200,113 shares of company stock worth $13,608,056 in the last 90 days. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DFIN. SG Americas Securities LLC acquired a new stake in Donnelley Financial Solutions during the first quarter worth approximately $808,000. Empowered Funds LLC bought a new position in Donnelley Financial Solutions during the first quarter valued at about $6,041,000. Homestead Advisers Corp increased its holdings in Donnelley Financial Solutions by 24.5% during the first quarter. Homestead Advisers Corp now owns 56,900 shares of the company’s stock worth $3,528,000 after buying an additional 11,200 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Donnelley Financial Solutions in the first quarter valued at about $1,694,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Donnelley Financial Solutions by 1,178.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after acquiring an additional 302,957 shares during the period. 93.84% of the stock is currently 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).