Donnelley Financial Solutions (NYSE:DFIN) Price Target Raised to $79.00

Donnelley Financial Solutions (NYSE:DFIN) had its price objective hoisted by stock analysts at Needham & Company LLC from $72.00 to $79.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 17.02% from the stock’s current price.

A number of other research analysts also recently commented on DFIN. B. Riley boosted their price objective on shares of Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and upped their target price for the stock from $60.00 to $72.00 in a research report on Friday, April 12th.

Donnelley Financial Solutions Price Performance

DFIN opened at $67.51 on Thursday. Donnelley Financial Solutions has a 12-month low of $46.04 and a 12-month high of $71.01. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.98 billion, a P/E ratio of 20.58 and a beta of 1.41. The stock has a fifty day moving average of $61.16 and a 200-day moving average of $62.08.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.25. Donnelley Financial Solutions had a return on equity of 24.68% and a net margin of 12.43%. The firm had revenue of $203.40 million during the quarter, compared to analyst estimates of $214.10 million. Equities analysts forecast that Donnelley Financial Solutions will post 3.31 EPS for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 132,056 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $63.62, for a total transaction of $8,401,402.72. Following the transaction, the director now directly owns 2,100,431 shares of the company’s stock, valued at $133,629,420.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Craig Clay sold 400 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $66.10, for a total transaction of $26,440.00. Following the completion of the sale, the insider now directly owns 148,348 shares of the company’s stock, valued at approximately $9,805,802.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey Jacobowitz sold 132,056 shares of Donnelley Financial Solutions stock in a transaction on Monday, May 6th. The stock was sold at an average price of $63.62, for a total transaction of $8,401,402.72. Following the completion of the transaction, the director now owns 2,100,431 shares in the company, valued at approximately $133,629,420.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 578,832 shares of company stock valued at $35,850,997. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its stake in Donnelley Financial Solutions by 72.3% during the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 198 shares during the period. nVerses Capital LLC acquired a new position in Donnelley Financial Solutions during the 2nd quarter valued at $48,000. USA Financial Formulas bought a new stake in Donnelley Financial Solutions in the 4th quarter valued at $72,000. Bfsg LLC acquired a new stake in Donnelley Financial Solutions in the 4th quarter worth $109,000. Finally, Arlington Trust Co LLC bought a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $173,000. 93.84% of the stock is owned by institutional investors and hedge funds.

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).