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

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating restated by Needham & Company LLC in a note issued to investors on Friday,Benzinga reports. They currently have a $72.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 59.59% from the company’s current price.

Separately, DA Davidson decreased their target price 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 Trading Down 0.5 %

Shares of DFIN opened at $45.12 on Friday. The company’s fifty day simple moving average is $55.31 and its 200-day simple moving average is $60.24. The company has a market cap of $1.29 billion, a P/E ratio of 14.74 and a beta of 1.44. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions has a twelve month low of $41.76 and a twelve month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data 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). Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The firm had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million.

Insider Activity

In related news, CEO Daniel Leib sold 25,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary G. Greenfield purchased 1,000 shares of the stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the acquisition, the director now directly owns 43,128 shares in the company, valued at approximately $2,108,527.92. This represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Donnelley Financial Solutions by 18.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,280 shares of the company’s stock worth $6,291,000 after purchasing an additional 15,873 shares in the last quarter. Voloridge Investment Management LLC increased its position in Donnelley Financial Solutions by 66.8% during the 4th quarter. Voloridge Investment Management LLC now owns 48,066 shares of the company’s stock valued at $3,015,000 after buying an additional 19,245 shares in the last quarter. Two Sigma Advisers LP increased its position in Donnelley Financial Solutions by 14.4% during the 4th quarter. Two Sigma Advisers LP now owns 136,600 shares of the company’s stock valued at $8,569,000 after buying an additional 17,200 shares in the last quarter. Two Sigma Investments LP raised its stake in Donnelley Financial Solutions by 29.3% in the fourth quarter. Two Sigma Investments LP now owns 151,795 shares of the company’s stock valued at $9,522,000 after buying an additional 34,356 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in Donnelley Financial Solutions in the fourth quarter worth about $19,595,000. 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).