DA Davidson Cuts Donnelley Financial Solutions (NYSE:DFIN) Price Target to $72.00

Donnelley Financial Solutions (NYSE:DFIN) had its price objective reduced by equities researchers at DA Davidson from $76.00 to $72.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 48.44% from the stock’s current price.

Several other analysts have also issued reports on the stock. Needham & Company LLC cut their price target on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday. B. Riley lowered 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 note on Tuesday, November 5th.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $48.51 on Thursday. The company has a 50-day simple moving average of $62.46 and a two-hundred day simple moving average of $63.36. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions has a 12-month low of $47.94 and a 12-month high of $71.01. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 15.85 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) 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 20.65%. The business had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $169.20 million.

Insider Buying and Selling

In other news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in Donnelley Financial Solutions by 0.4% in the third 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 during the period. Rice Hall James & Associates LLC raised its position in Donnelley Financial Solutions by 2.8% in the third 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 during the period. Price T Rowe Associates Inc. MD raised its position in Donnelley Financial Solutions by 7.2% in the fourth 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 during the period. Geode Capital Management LLC raised its position in shares of Donnelley Financial Solutions by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock valued at $39,061,000 after purchasing an additional 20,652 shares during the period. Finally, Northern Trust Corp raised its position in shares of Donnelley Financial Solutions by 17.2% during the 4th quarter. Northern Trust Corp now owns 545,203 shares of the company’s stock valued at $34,201,000 after purchasing an additional 79,848 shares during the period. 93.84% of the stock is currently 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).