Donnelley Financial Solutions (NYSE:DFIN) Price Target Lowered to $72.00 at Needham & Company LLC

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) had its price objective dropped by analysts at Needham & Company LLC from $79.00 to $72.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's target price suggests a potential upside of 48.44% from the company's previous close.

Separately, B. Riley reduced their target price on 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 Performance

DFIN traded down $1.49 during trading hours on Wednesday, reaching $48.51. The company's stock had a trading volume of 522,379 shares, compared to its average volume of 227,463. Donnelley Financial Solutions has a 52 week low of $47.94 and a 52 week high of $71.01. The company's 50-day moving average is $62.73 and its 200-day moving average is $63.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The firm has a market cap of $1.39 billion, a PE ratio of 15.85 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The firm had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million.

Insider Transactions at Donnelley Financial Solutions

In related news, CFO David A. Gardella sold 3,000 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Donnelley Financial Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank lifted its position in shares of Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after buying an additional 156 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock worth $402,000 after buying an additional 177 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Donnelley Financial Solutions by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after buying an additional 182 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Donnelley Financial Solutions by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock worth $1,381,000 after buying an additional 289 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Donnelley Financial Solutions by 3.1% during the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company's stock worth $709,000 after buying an additional 320 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

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).