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

Needham & Company LLC reaffirmed their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) in a research note published on Friday morning,Benzinga reports. They currently have a $72.00 price objective on the stock.

Separately, DA Davidson lowered their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating for the company in a report on Thursday, February 20th.

Donnelley Financial Solutions Stock Up 1.3 %

NYSE:DFIN traded up $0.58 during trading hours on Friday, hitting $44.29. The company's stock had a trading volume of 127,757 shares, compared to its average volume of 291,108. The stock has a market capitalization of $1.27 billion, a P/E ratio of 14.47 and a beta of 1.44. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average of $54.58 and a 200-day moving average of $59.84. Donnelley Financial Solutions has a 52-week low of $41.76 and a 52-week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released 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). The business had revenue of $156.30 million during 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%.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Gary G. Greenfield bought 1,000 shares of Donnelley Financial Solutions stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the completion of the acquisition, the director now owns 43,128 shares of the company's stock, valued at approximately $2,108,527.92. This represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value 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 represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several large investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Donnelley Financial Solutions in the 4th quarter valued at $42,000. Aquatic Capital Management LLC acquired a new position in shares of Donnelley Financial Solutions during the fourth quarter worth about $49,000. Huntington National Bank raised its holdings in Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after purchasing an additional 156 shares in the last quarter. Principal Securities Inc. lifted its position in 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 purchasing an additional 953 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Donnelley Financial Solutions by 584.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock valued at $73,000 after purchasing an additional 987 shares during the period. 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).