Donnelley Financial Solutions (NYSE:DFIN) Given New $72.00 Price Target at DA Davidson

Donnelley Financial Solutions (NYSE:DFIN) had its price objective reduced by equities researchers at DA Davidson from $76.00 to $72.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 45.31% from the stock’s previous close.

A number of other equities analysts have also commented on DFIN. Needham & Company LLC lowered their price target on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday. B. Riley reduced their price objective on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock traded up $1.06 during mid-day trading on Thursday, hitting $49.55. 173,272 shares of the company’s stock traded hands, compared to its average volume of 211,823. Donnelley Financial Solutions has a fifty-two week low of $47.94 and a fifty-two week high of $71.01. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 16.19 and a beta of 1.36. The firm has a 50 day simple moving average of $62.95 and a two-hundred day simple moving average of $63.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15.

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

Insider Buying and Selling

In other news, CFO David A. Gardella sold 3,000 shares of the 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 sale, the chief financial officer now directly owns 197,406 shares in the company, valued at $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of DFIN. Allspring Global Investments Holdings LLC raised its position in shares of Donnelley Financial Solutions by 16.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 159,590 shares of the company’s stock worth $10,506,000 after acquiring an additional 22,390 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Donnelley Financial Solutions by 48.2% in the third quarter. Assenagon Asset Management S.A. now owns 42,287 shares of the company’s stock valued at $2,784,000 after buying an additional 13,757 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Donnelley Financial Solutions by 3.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $849,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Donnelley Financial Solutions by 4.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,242 shares of the company’s stock worth $1,003,000 after buying an additional 611 shares during the period. Finally, Rice Hall James & Associates LLC lifted its position in shares of Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after acquiring an additional 24,869 shares during the period. Institutional investors and hedge funds 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).