Donnelley Financial Solutions (NYSE:DFIN) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $79.00 price target on the stock.

Separately, DA Davidson raised their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a buy rating in a research report on Thursday, August 1st.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $65.62 on Friday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 20.01 and a beta of 1.36. Donnelley Financial Solutions has a 52 week low of $51.06 and a 52 week high of $71.01. The stock has a 50 day moving average price of $65.98 and a two-hundred day moving average price of $62.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.08. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. The business had revenue of $242.70 million during the quarter, compared to the consensus estimate of $247.70 million. Equities analysts forecast that Donnelley Financial Solutions will post 3.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, insider Craig Clay sold 13,231 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $66.33, for a total value of $877,612.23. Following the completion of the transaction, the insider now owns 134,965 shares in the company, valued at approximately $8,952,228.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Daniel Leib sold 2,881 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the transaction, the chief executive officer now owns 517,810 shares in the company, valued at $36,262,234.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig Clay sold 13,231 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $66.33, for a total value of $877,612.23. Following the transaction, the insider now directly owns 134,965 shares of the company’s stock, valued at $8,952,228.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,744 shares of company stock worth $14,512,108. 11.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its holdings in Donnelley Financial Solutions by 3.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after acquiring an additional 68,908 shares during the last quarter. American Century Companies Inc. raised its position in shares of Donnelley Financial Solutions by 15.3% in the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after purchasing an additional 152,867 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Donnelley Financial Solutions by 0.8% during the 1st quarter. William Blair Investment Management LLC now owns 445,815 shares of the company’s stock valued at $27,645,000 after buying an additional 3,416 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $20,381,000 after buying an additional 302,957 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Donnelley Financial Solutions by 108.9% in the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after buying an additional 131,994 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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).