Donnelley Financial Solutions (NYSE:DFIN) Price Target Lowered to $70.00 at B. Riley

Donnelley Financial Solutions (NYSE:DFIN) had its price target cut by B. Riley from $80.00 to $70.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on DFIN. DA Davidson lifted their price target on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $57.76 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $1.67 billion, a PE ratio of 18.05 and a beta of 1.38. Donnelley Financial Solutions has a 1 year low of $52.52 and a 1 year high of $71.01. The stock’s fifty day moving average price is $65.28 and its two-hundred day moving average price is $63.33.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The company had revenue of $179.50 million during the quarter, compared to the consensus estimate of $181.55 million. During the same period in the previous year, the business earned $0.58 earnings per share. Donnelley Financial Solutions’s revenue was down .3% on a year-over-year basis. On average, equities research analysts forecast that Donnelley Financial Solutions will post 3.02 EPS for the current year.

Insider Activity

In related news, Director Jeffrey Jacobowitz sold 114,655 shares of Donnelley Financial Solutions stock in a transaction on Friday, September 20th. The stock was sold at an average price of $67.42, for a total value of $7,730,040.10. Following the completion of the sale, the director now owns 1,008,206 shares of the company’s stock, valued at $67,973,248.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 400 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.01, for a total transaction of $28,004.00. Following the transaction, the chief executive officer now owns 524,791 shares of the company’s stock, valued at $36,740,617.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the sale, the director now owns 1,008,206 shares in the company, valued at $67,973,248.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 200,113 shares of company stock valued at $13,608,056 in the last ninety days. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Donnelley Financial Solutions

Several institutional investors have recently made changes to their positions in DFIN. Mawer Investment Management Ltd. increased its position in Donnelley Financial Solutions by 47.5% in the first quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock worth $126,637,000 after purchasing an additional 657,835 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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 buying an additional 302,957 shares in the last quarter. American Century Companies Inc. grew its holdings in Donnelley Financial Solutions by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after acquiring an additional 152,867 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Donnelley Financial Solutions by 108.9% during the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after purchasing an additional 131,994 shares in the last quarter. Finally, Burney Co. increased its holdings in shares of Donnelley Financial Solutions by 193.3% in 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 period. Hedge funds and other 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).