Donnelley Financial Solutions (NYSE:DFIN) Given New $70.00 Price Target at B. Riley

Donnelley Financial Solutions (NYSE:DFIN - Free Report) had its price objective cut by B. Riley from $80.00 to $70.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on the stock. DA Davidson boosted their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC reissued a "buy" rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research report on Friday.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded up $0.88 during mid-day trading on Tuesday, hitting $57.79. 298,140 shares of the stock were exchanged, compared to its average volume of 168,619. The company has a market capitalization of $1.67 billion, a P/E ratio of 17.82 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day simple moving average of $65.45 and a 200 day simple moving average of $63.36. Donnelley Financial Solutions has a 12 month low of $52.52 and a 12 month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). The business had revenue of $179.50 million during the quarter, compared to analysts' expectations of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Sell-side analysts anticipate that Donnelley Financial Solutions will post 3.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Daniel Leib sold 2,881 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the transaction, the chief executive officer now owns 517,810 shares in the company, valued at $36,262,234.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Daniel Leib sold 2,881 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the transaction, the chief executive officer now directly owns 517,810 shares of the company's stock, valued at $36,262,234.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the business's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the sale, the director now directly owns 1,008,206 shares in the company, valued at $67,973,248.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,113 shares of company stock worth $13,608,056. Company insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Donnelley Financial Solutions during the first quarter valued at $808,000. Empowered Funds LLC bought a new stake in shares of Donnelley Financial Solutions during the 1st quarter valued at $6,041,000. Homestead Advisers Corp increased its stake in shares of 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 purchasing an additional 11,200 shares in the last quarter. Quadrature Capital Ltd bought a new position in Donnelley Financial Solutions in the 1st quarter worth $1,694,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Donnelley Financial Solutions by 1,178.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company's stock valued at $20,381,000 after purchasing an additional 302,957 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other 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).