Needham & Company LLC Has Lowered Expectations for Donnelley Financial Solutions (NYSE:DFIN) Stock Price

Donnelley Financial Solutions (NYSE:DFIN) had its price objective dropped by research analysts at Needham & Company LLC from $79.00 to $72.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 43.86% from the company’s previous close.

Separately, B. Riley lowered their target price on 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.

Donnelley Financial Solutions Trading Up 3.2 %

NYSE DFIN opened at $50.05 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions has a twelve month low of $47.94 and a twelve month high of $71.01. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 16.36 and a beta of 1.36. The business’s fifty day moving average is $62.73 and its 200 day moving average is $63.44.

Donnelley Financial Solutions (NYSE:DFIN) last released 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 firm had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million.

Insider Buying and Selling

In related news, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was 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 directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of Donnelley Financial Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock worth $69,826,000 after acquiring an additional 4,279 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Donnelley Financial Solutions by 2.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after acquiring an additional 24,869 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Donnelley Financial Solutions by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company’s stock worth $37,347,000 after acquiring an additional 39,980 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Donnelley Financial Solutions by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock worth $39,061,000 after acquiring an additional 20,652 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Donnelley Financial Solutions by 17.2% in the 4th quarter. Northern Trust Corp now owns 545,203 shares of the company’s stock worth $34,201,000 after acquiring an additional 79,848 shares in the last quarter. 93.84% of the stock is owned by institutional investors.

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).