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

Donnelley Financial Solutions (NYSE:DFIN) had its price objective trimmed by Needham & Company LLC from $79.00 to $72.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, B. Riley lowered their price target on shares of 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 Down 3.0 %

DFIN stock opened at $48.51 on Wednesday. The firm’s fifty day simple moving average is $62.46 and its 200-day simple moving average is $63.36. Donnelley Financial Solutions has a 12 month low of $47.94 and a 12 month high of $71.01. The company has a market capitalization of $1.39 billion, a P/E ratio of 15.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The firm had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $169.20 million.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now directly owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in shares of Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company’s stock valued at $57,000 after buying an additional 156 shares during the last quarter. Inspire Investing LLC raised its position in shares of Donnelley Financial Solutions by 2.8% in the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock valued at $402,000 after buying an additional 177 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Donnelley Financial Solutions by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 52,025 shares of the company’s stock valued at $3,264,000 after buying an additional 182 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Donnelley Financial Solutions by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after buying an additional 289 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Donnelley Financial Solutions by 3.1% in the third quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock valued at $709,000 after buying an additional 320 shares during the last quarter. 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).