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

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

Separately, B. Riley dropped their price objective on 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 Trading Down 4.8 %

Donnelley Financial Solutions stock opened at $48.50 on Wednesday. Donnelley Financial Solutions has a 12 month low of $47.94 and a 12 month high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.40 billion, a P/E ratio of 15.16 and a beta of 1.36. The company’s fifty day simple moving average is $62.95 and its 200-day simple moving average is $63.54.

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 12.06% and a return on equity of 22.70%. The firm had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the sale, the chief financial officer now owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Huntington National Bank grew its holdings in Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company’s stock valued at $57,000 after purchasing an additional 156 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock worth $402,000 after buying an additional 177 shares during the period. New York State Teachers Retirement System grew its stake in Donnelley Financial Solutions by 0.4% in the 4th 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 holdings in Donnelley Financial Solutions by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock worth $1,381,000 after acquiring an additional 289 shares during the period. Finally, Empowered Funds LLC lifted its position in Donnelley Financial Solutions by 3.1% during the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after acquiring an additional 320 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

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).