Donnelley Financial Solutions (NYSE:DFIN) Price Target Increased to $79.00 by Analysts at Needham & Company LLC

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

Other analysts have also issued research reports about the company. DA Davidson upgraded Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $72.00 in a research note on Friday, April 12th. B. Riley increased their target price on Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 25th.

Donnelley Financial Solutions Trading Down 2.8 %

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

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Wednesday, May 1st. The company reported $0.89 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $214.10 million. As a group, analysts expect that Donnelley Financial Solutions will post 3.31 EPS for the current year.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 30,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $62.67, for a total transaction of $1,880,100.00. Following the transaction, the chief executive officer now owns 545,191 shares in the company, valued at $34,167,119.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey Jacobowitz sold 132,056 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 2,100,431 shares of the company’s stock, valued at $133,629,420.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Leib sold 30,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $62.67, for a total transaction of $1,880,100.00. Following the completion of the transaction, the chief executive officer now directly owns 545,191 shares in the company, valued at $34,167,119.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 578,832 shares of company stock worth $35,850,997. Company insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several large investors have recently bought and sold shares of DFIN. Mawer Investment Management Ltd. raised its stake in Donnelley Financial Solutions by 47.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock valued at $126,637,000 after purchasing an additional 657,835 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Donnelley Financial Solutions by 1,178.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock worth $20,381,000 after purchasing an additional 302,957 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Donnelley Financial Solutions by 52.0% in the 4th quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock worth $43,471,000 after acquiring an additional 238,489 shares during the last quarter. Access Investment Management LLC purchased a new position in shares of Donnelley Financial Solutions during the 4th quarter worth $13,606,000. Finally, Burney Co. boosted its position in shares of Donnelley Financial Solutions by 193.3% during the 2nd quarter. Burney Co. now owns 178,524 shares of the company’s stock valued at $10,644,000 after acquiring an additional 117,662 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other 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).