DA Davidson Cuts Donnelley Financial Solutions (NYSE:DFIN) Price Target to $72.00

Donnelley Financial Solutions (NYSE:DFIN) had its target price cut by DA Davidson from $76.00 to $72.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on DFIN. Needham & Company LLC dropped their price objective on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday. B. Riley dropped their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Donnelley Financial Solutions Stock Down 3.0 %

DFIN opened at $48.51 on Thursday. The company has a fifty day moving average price of $62.46 and a 200-day moving average price of $63.36. The firm 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 has a one year low of $47.94 and a one year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly 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 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 business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the sale, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Donnelley Financial Solutions

Hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd lifted its stake in Donnelley Financial Solutions by 106.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after purchasing an additional 9,197 shares during the last quarter. Choreo LLC bought a new stake in Donnelley Financial Solutions in the fourth quarter worth $265,000. World Investment Advisors LLC bought a new stake in Donnelley Financial Solutions in the third quarter worth $719,000. Harbor Capital Advisors Inc. bought a new stake in Donnelley Financial Solutions in the fourth quarter worth $2,264,000. Finally, JPMorgan Chase & Co. lifted its stake in Donnelley Financial Solutions by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after purchasing an additional 46,273 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).