Donnelley Financial Solutions (NYSE:DFIN) Receives Buy Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) in a report released on Monday morning,Benzinga reports. The brokerage currently has a $72.00 price objective on the stock.

Separately, Needham & Company LLC reiterated a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, March 28th.

Donnelley Financial Solutions Trading Up 3.0 %

DFIN traded up $1.23 on Monday, hitting $41.90. The company had a trading volume of 300,474 shares, compared to its average volume of 216,385. The business's fifty day simple moving average is $46.79 and its 200 day simple moving average is $57.27. The company has a market cap of $1.20 billion, a PE ratio of 13.69 and a beta of 1.23. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions has a 12-month low of $37.80 and a 12-month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly 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). The firm had revenue of $156.30 million for the quarter, compared to analysts' expectations of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

Insiders Place Their Bets

In other news, Director Gary G. Greenfield purchased 1,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the purchase, the director now directly owns 43,128 shares of the company's stock, valued at $2,108,527.92. The trade was a 2.37 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. This trade represents a 4.63 % 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 corporate insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Donnelley Financial Solutions during the fourth quarter worth $42,000. Versant Capital Management Inc lifted its stake in shares of Donnelley Financial Solutions by 197.2% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company's stock worth $32,000 after acquiring an additional 493 shares during the period. Aquatic Capital Management LLC bought a new position in Donnelley Financial Solutions during the fourth quarter valued at about $49,000. Huntington National Bank grew its stake in shares of Donnelley Financial Solutions by 20.7% in the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after purchasing an additional 156 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock valued at $64,000 after buying an additional 953 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other 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).