Donnelley Financial Solutions (NYSE:DFIN) PT Raised to $72.00

Donnelley Financial Solutions (NYSE:DFIN) had its price objective upped by analysts at B. Riley from $66.00 to $72.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 14.25% from the company’s previous close.

DFIN has been the subject of several other research reports. Needham & Company LLC increased their price target on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $72.00 in a report on Friday, April 12th.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $63.02 on Thursday. The company has a market cap of $1.86 billion, a PE ratio of 23.25 and a beta of 1.50. The stock’s 50 day simple moving average is $62.46 and its 200-day simple moving average is $60.21. Donnelley Financial Solutions has a 1-year low of $40.73 and a 1-year high of $66.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The company had revenue of $176.50 million during the quarter, compared to analyst estimates of $169.35 million. During the same period in the prior year, the business posted $0.36 EPS. Donnelley Financial Solutions’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Donnelley Financial Solutions will post 2.93 EPS for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In related news, insider Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the completion of the transaction, the insider now directly owns 148,748 shares in the company, valued at $9,820,342.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Donnelley Financial Solutions news, insider Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total transaction of $376,181.96. Following the completion of the sale, the insider now directly owns 148,748 shares of the company’s stock, valued at approximately $9,820,342.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the sale, the chief executive officer now directly owns 524,352 shares of the company’s stock, valued at $33,752,538.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,867 shares of company stock worth $2,702,766. Company insiders own 11.90% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Donnelley Financial Solutions by 4.0% during the first quarter. Assenagon Asset Management S.A. now owns 37,361 shares of the company’s stock worth $2,317,000 after purchasing an additional 1,425 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Donnelley Financial Solutions by 39.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 141,555 shares of the company’s stock worth $8,778,000 after purchasing an additional 40,181 shares in the last quarter. Bridge City Capital LLC increased its position in shares of Donnelley Financial Solutions by 17.9% during the first quarter. Bridge City Capital LLC now owns 6,005 shares of the company’s stock worth $372,000 after purchasing an additional 912 shares in the last quarter. Homestead Advisers Corp increased its position in shares of Donnelley Financial Solutions by 80.6% during the fourth quarter. Homestead Advisers Corp now owns 45,700 shares of the company’s stock worth $2,850,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Donnelley Financial Solutions in the 4th quarter valued at about $788,000. Institutional investors and hedge funds 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).