Donnelley Financial Solutions (NYSE:DFIN) Receives Buy Rating from Needham & Company LLC

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

Separately, DA Davidson reduced their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th.

Donnelley Financial Solutions Trading Down 2.8 %

NYSE DFIN opened at $43.83 on Friday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.32 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. Donnelley Financial Solutions has a one year low of $41.76 and a one year high of $71.01. The company’s 50 day moving average price is $54.95 and its 200 day moving average price is $60.05.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results 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 business had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million.

Insider Activity at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 25,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary G. Greenfield purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now owns 43,128 shares of the company’s stock, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in shares of Donnelley Financial Solutions by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after purchasing an additional 289 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Donnelley Financial Solutions by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock worth $23,133,000 after buying an additional 19,740 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Donnelley Financial Solutions by 3.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 56,684 shares of the company’s stock worth $3,732,000 after acquiring an additional 1,900 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Donnelley Financial Solutions by 12.0% in the 3rd quarter. Martingale Asset Management L P now owns 28,429 shares of the company’s stock valued at $1,871,000 after acquiring an additional 3,042 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Donnelley Financial Solutions by 66.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 7,892 shares of the company’s stock valued at $520,000 after acquiring an additional 3,141 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

About Donnelley Financial Solutions

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).