Donnelley Financial Solutions (NYSE:DFIN) PT Raised to $72.00

Donnelley Financial Solutions (NYSE:DFIN) had its price target upped by analysts at B. Riley from $66.00 to $72.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target would indicate a potential upside of 14.25% from the stock’s previous close.

Several other analysts also recently issued reports on the company. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $72.00 in a research note on Friday, April 12th. Needham & Company LLC lifted their target price on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st.

Donnelley Financial Solutions Stock Up 1.2 %

DFIN stock opened at $63.02 on Thursday. Donnelley Financial Solutions has a twelve month low of $40.73 and a twelve month high of $66.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.86 billion, a P/E ratio of 23.25 and a beta of 1.50. The business’s 50-day moving average price is $62.46 and its 200-day moving average price is $60.21.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The company had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $169.35 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Donnelley Financial Solutions will post 2.93 EPS for the current year.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the sale, the chief executive officer now owns 524,352 shares of the company’s stock, valued at approximately $33,752,538.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of Donnelley Financial Solutions stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the sale, the chief executive officer now owns 524,352 shares of the company’s stock, valued at approximately $33,752,538.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Clay sold 5,698 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $66.02, for a total value of $376,181.96. Following the transaction, the insider now directly owns 148,748 shares in the company, valued at approximately $9,820,342.96. The disclosure for this sale can be found here. Insiders have sold a total of 41,867 shares of company stock valued at $2,702,766 in the last quarter. 11.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its position in shares of Donnelley Financial Solutions by 4.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 37,361 shares of the company’s stock valued at $2,317,000 after purchasing an additional 1,425 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Donnelley Financial Solutions by 39.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 141,555 shares of the company’s stock valued at $8,778,000 after purchasing an additional 40,181 shares during the last quarter. Bridge City Capital LLC increased its position in shares of Donnelley Financial Solutions by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 6,005 shares of the company’s stock valued at $372,000 after purchasing an additional 912 shares during the last quarter. Homestead Advisers Corp increased its position in shares of Donnelley Financial Solutions by 80.6% during the 4th quarter. Homestead Advisers Corp now owns 45,700 shares of the company’s stock valued at $2,850,000 after purchasing an additional 20,400 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Donnelley Financial Solutions during the 4th quarter valued at $788,000. 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).