Needham & Company LLC Reiterates Buy Rating for Donnelley Financial Solutions (NYSE:DFIN)

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $72.00 target price on the stock. Needham & Company LLC’s target price suggests a potential upside of 64.26% from the company’s current price.

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

Donnelley Financial Solutions Stock Down 2.8 %

DFIN stock opened at $43.83 on Friday. The company’s 50 day moving average is $54.95 and its 200 day moving average is $60.05. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 14.32 and a beta of 1.44. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions has a 1-year low of $41.76 and a 1-year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $169.20 million.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now directly owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of $48.89 per share, with a total value of $48,890.00. Following the completion of the purchase, the director now owns 43,128 shares of the company’s stock, valued at $2,108,527.92. This represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Donnelley Financial Solutions by 18.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,280 shares of the company’s stock worth $6,291,000 after acquiring an additional 15,873 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 66.8% during the fourth quarter. Voloridge Investment Management LLC now owns 48,066 shares of the company’s stock valued at $3,015,000 after purchasing an additional 19,245 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Donnelley Financial Solutions by 14.4% in the 4th quarter. Two Sigma Advisers LP now owns 136,600 shares of the company’s stock worth $8,569,000 after purchasing an additional 17,200 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Donnelley Financial Solutions by 29.3% in the 4th quarter. Two Sigma Investments LP now owns 151,795 shares of the company’s stock worth $9,522,000 after buying an additional 34,356 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Donnelley Financial Solutions during the 4th quarter valued at approximately $19,595,000. Institutional investors 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).