DA Davidson Has Lowered Expectations for Donnelley Financial Solutions (NYSE:DFIN) Stock Price

Donnelley Financial Solutions (NYSE:DFIN) had its target price lowered by DA Davidson from $76.00 to $72.00 in a research report sent to investors on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

DFIN has been the topic of a number of other reports. B. Riley dropped 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 research note on Wednesday.

Donnelley Financial Solutions Stock Performance

DFIN opened at $50.05 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions has a twelve month low of $47.94 and a twelve month high of $71.01. The business’s 50 day moving average is $62.73 and its 200-day moving average is $63.44. The stock has a market cap of $1.44 billion, a PE ratio of 16.36 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The company had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.71% and a net margin of 11.82%.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in DFIN. Farther Finance Advisors LLC lifted its position in shares of Donnelley Financial Solutions by 781.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares during the last quarter. Quarry LP bought a new position in Donnelley Financial Solutions in the 4th quarter worth approximately $42,000. Aquatic Capital Management LLC acquired a new position in shares of Donnelley Financial Solutions during the fourth quarter worth approximately $49,000. Huntington National Bank boosted 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 acquiring an additional 156 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after acquiring an additional 953 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

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).