DA Davidson Has Lowered Expectations for Donnelley Financial Solutions (NYSE:DFIN) Stock Price

Donnelley Financial Solutions (NYSE:DFIN) had its price objective lowered by DA Davidson from $76.00 to $72.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 45.31% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. B. Riley reduced their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reduced their target price on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday.

Donnelley Financial Solutions Stock Up 2.2 %

Shares of NYSE:DFIN traded up $1.06 during midday trading on Thursday, hitting $49.55. 173,272 shares of the company’s stock were exchanged, compared to its average volume of 211,823. The company has a market cap of $1.43 billion, a PE ratio of 16.19 and a beta of 1.36. Donnelley Financial Solutions has a 12 month low of $47.94 and a 12 month high of $71.01. The stock has a 50 day moving average price of $62.95 and a 200-day moving average price of $63.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.71%. The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Donnelley Financial Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock valued at $69,826,000 after purchasing an additional 4,279 shares during the period. Rice Hall James & Associates LLC grew its holdings in Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after buying an additional 24,869 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Donnelley Financial Solutions by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company’s stock valued at $37,347,000 after buying an additional 39,980 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 3.6% in the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after buying an additional 20,652 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Donnelley Financial Solutions by 17.2% in the fourth quarter. Northern Trust Corp now owns 545,203 shares of the company’s stock valued at $34,201,000 after acquiring an additional 79,848 shares during the period. 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).