Needham & Company LLC Reiterates Buy Rating for Donnelley Financial Solutions (NYSE:DFIN)

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report)'s stock had its "buy" rating reiterated by Needham & Company LLC in a research note issued to investors on Friday, Benzinga reports. They presently have a $79.00 price objective on the stock. Needham & Company LLC's target price would suggest a potential upside of 39.85% from the company's previous close.

Separately, DA Davidson boosted their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, August 1st.

Donnelley Financial Solutions Trading Down 3.2 %

DFIN traded down $1.85 on Friday, reaching $56.49. 394,803 shares of the company traded hands, compared to its average volume of 167,293. Donnelley Financial Solutions has a one year low of $52.52 and a one year high of $71.01. The firm has a fifty day simple moving average of $65.84 and a two-hundred day simple moving average of $63.40. The company has a market cap of $1.64 billion, a P/E ratio of 16.42 and a beta of 1.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.41.

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

Insiders Place Their Bets

In other news, Director Jeffrey Jacobowitz sold 114,655 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $67.42, for a total value of $7,730,040.10. Following the sale, the director now directly owns 1,008,206 shares of the company's stock, valued at $67,973,248.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 400 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $70.01, for a total transaction of $28,004.00. Following the completion of the transaction, the chief executive officer now directly owns 524,791 shares in the company, valued at approximately $36,740,617.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the completion of the sale, the director now owns 1,008,206 shares of the company's stock, valued at $67,973,248.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,113 shares of company stock valued at $13,608,056. Insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently modified their holdings of DFIN. BNP Paribas Financial Markets raised its position in shares of Donnelley Financial Solutions by 2.3% in the first quarter. BNP Paribas Financial Markets now owns 18,974 shares of the company's stock valued at $1,177,000 after buying an additional 423 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Donnelley Financial Solutions by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 53,381 shares of the company's stock valued at $3,310,000 after purchasing an additional 2,458 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of Donnelley Financial Solutions by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company's stock valued at $1,343,000 after purchasing an additional 286 shares during the period. Mawer Investment Management Ltd. grew its holdings in shares of Donnelley Financial Solutions by 47.5% in the first quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company's stock valued at $126,637,000 after purchasing an additional 657,835 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Donnelley Financial Solutions in the first quarter valued at about $6,041,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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).