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

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a research note issued on Friday,Benzinga reports. They currently have a $72.00 price objective on the stock. Needham & Company LLC’s price objective indicates a potential upside of 64.26% from the company’s previous close.

Separately, DA Davidson decreased their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Donnelley Financial Solutions Trading Down 2.8 %

Shares of DFIN stock opened at $43.83 on Friday. 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 12-month low of $41.76 and a 12-month high of $71.01. The stock has a market capitalization of $1.25 billion, a P/E ratio of 14.32 and a beta of 1.44. The firm’s 50 day moving average is $54.95 and its 200 day moving average is $60.05.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) 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 firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the transaction, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was bought at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the purchase, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. This represents 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.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several large investors have recently made changes to their positions in DFIN. Quarry LP bought a new stake in Donnelley Financial Solutions in the 4th quarter worth approximately $42,000. Aquatic Capital Management LLC purchased a new stake in Donnelley Financial Solutions during the fourth quarter valued at $49,000. Huntington National Bank lifted its position in Donnelley Financial Solutions by 20.7% during 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 last quarter. Principal Securities Inc. grew its stake in shares of Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after buying an additional 953 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Donnelley Financial Solutions by 584.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock worth $73,000 after buying an additional 987 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

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).