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

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a report released on Friday, Benzinga reports. They currently have a $79.00 target price on the stock. Needham & Company LLC’s price target would indicate a potential upside of 20.39% from the stock’s previous close.

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

Donnelley Financial Solutions Stock Up 0.2 %

Donnelley Financial Solutions stock opened at $65.62 on Friday. Donnelley Financial Solutions has a one year low of $51.06 and a one year high of $71.01. The stock has a fifty day moving average of $65.98 and a 200 day moving average of $62.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $1.92 billion, a PE ratio of 20.01 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.42 by $0.08. Donnelley Financial Solutions had a net margin of 13.22% and a return on equity of 25.45%. The firm had revenue of $242.70 million during the quarter, compared to analyst estimates of $247.70 million. As a group, sell-side analysts predict that Donnelley Financial Solutions will post 3.02 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Donnelley Financial Solutions

Large investors have recently made changes to their positions in the business. CWM LLC lifted its holdings in Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 198 shares in the last quarter. Quarry LP raised its position in shares of Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after buying an additional 621 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Donnelley Financial Solutions during the second quarter valued at approximately $48,000. Quest Partners LLC purchased a new position in shares of Donnelley Financial Solutions in the second quarter worth $197,000. Finally, Caprock Group LLC bought a new position in shares of Donnelley Financial Solutions during the second quarter worth $201,000. 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).