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

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $79.00 price target on the stock. Needham & Company LLC’s price target points to a potential upside of 28.37% from the company’s previous close.

Separately, B. Riley dropped their price objective 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.

Donnelley Financial Solutions Stock Up 1.5 %

Donnelley Financial Solutions stock traded up $0.90 during midday trading on Wednesday, reaching $61.54. The company’s stock had a trading volume of 20,368 shares, compared to its average volume of 127,943. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $1.78 billion, a P/E ratio of 19.23 and a beta of 1.38. The stock’s 50-day simple moving average is $60.97 and its 200-day simple moving average is $63.33. Donnelley Financial Solutions has a 52-week low of $56.02 and a 52-week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.28). The company had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. On average, sell-side analysts expect that Donnelley Financial Solutions will post 3.23 EPS for the current year.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the sale, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the sale, the director now directly owns 774,165 shares in the company, valued at approximately $45,265,427.55. This trade represents a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd grew its position in shares of 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 valued at $1,174,000 after acquiring an additional 9,197 shares during the period. World Investment Advisors LLC purchased a new position in Donnelley Financial Solutions during the third quarter worth approximately $719,000. JPMorgan Chase & Co. boosted its position in Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after purchasing an additional 46,273 shares in the last quarter. Jane Street Group LLC grew its holdings in Donnelley Financial Solutions by 608.0% in the third quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock valued at $4,406,000 after purchasing an additional 57,477 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Donnelley Financial Solutions during the 4th quarter worth approximately $2,264,000. 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).