Donnelley Financial Solutions (NYSE:DFIN) Rating Reiterated by Needham & Company LLC

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research note issued on Friday, Benzinga reports. They presently have a $79.00 price target on the stock. Needham & Company LLC’s price target suggests a potential upside of 20.39% from the stock’s previous close.

Separately, DA Davidson upped their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $65.62 on Friday. Donnelley Financial Solutions has a fifty-two week low of $51.06 and a fifty-two week high of $71.01. The stock’s 50 day simple moving average is $65.98 and its two-hundred day simple moving average is $62.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 20.01 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.08. The company had revenue of $242.70 million for the quarter, compared to analyst estimates of $247.70 million. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. As a group, analysts expect that Donnelley Financial Solutions will post 3.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 73,354 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the completion of the transaction, the director now owns 1,203,451 shares in the company, valued at $83,579,671.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Craig Clay sold 400 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.10, for a total transaction of $26,440.00. Following the sale, the insider now owns 148,348 shares in the company, valued at $9,805,802.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the sale, the director now directly owns 1,203,451 shares of the company’s stock, valued at approximately $83,579,671.95. The disclosure for this sale can be found here. Insiders have sold 213,744 shares of company stock worth $14,512,108 in the last 90 days. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFIN. SG Americas Securities LLC purchased a new position in shares of Donnelley Financial Solutions in the first quarter worth $808,000. Empowered Funds LLC bought a new stake in Donnelley Financial Solutions in the 1st quarter worth about $6,041,000. Homestead Advisers Corp raised its position in Donnelley Financial Solutions by 24.5% in the 1st quarter. Homestead Advisers Corp now owns 56,900 shares of the company’s stock worth $3,528,000 after buying an additional 11,200 shares during the last quarter. Quadrature Capital Ltd bought a new position in Donnelley Financial Solutions during the 1st quarter valued at about $1,694,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Donnelley Financial Solutions by 1,178.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after acquiring an additional 302,957 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).