Donnelley Financial Solutions (NYSE:DFIN) Given New $72.00 Price Target at B. Riley

Donnelley Financial Solutions (NYSE:DFIN) had its price target boosted by B. Riley from $66.00 to $72.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. DA Davidson raised Donnelley Financial Solutions from a neutral rating to a buy rating and upped their price objective for the stock from $60.00 to $72.00 in a research report on Friday, April 12th. Needham & Company LLC increased their price target on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a buy rating in a research report on Wednesday, February 21st.

Donnelley Financial Solutions Stock Up 1.2 %

DFIN stock opened at $63.02 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $1.86 billion, a P/E ratio of 23.25 and a beta of 1.50. The business has a 50-day moving average of $62.49 and a 200-day moving average of $60.29. Donnelley Financial Solutions has a fifty-two week low of $40.73 and a fifty-two week high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.01). The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. On average, sell-side analysts anticipate that Donnelley Financial Solutions will post 2.93 earnings per share for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In related news, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the completion of the transaction, the director now directly owns 58,594 shares of the company’s stock, valued at $3,740,640.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $63.84, for a total value of $194,520.48. Following the sale, the director now owns 58,594 shares in the company, valued at $3,740,640.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Leib sold 33,122 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $64.37, for a total value of $2,132,063.14. Following the completion of the sale, the chief executive officer now owns 524,352 shares in the company, valued at approximately $33,752,538.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,867 shares of company stock valued at $2,702,766. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of large investors have recently made changes to their positions in DFIN. SG Americas Securities LLC bought a new position in shares of Donnelley Financial Solutions during the third quarter worth approximately $310,000. Exchange Traded Concepts LLC bought a new position in shares of Donnelley Financial Solutions during the third quarter worth approximately $429,000. Ellsworth Advisors LLC bought a new position in shares of Donnelley Financial Solutions during the third quarter worth approximately $448,000. Assetmark Inc. increased its stake in shares of Donnelley Financial Solutions by 1.2% during the third quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after purchasing an additional 398 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Donnelley Financial Solutions by 19.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 159,255 shares of the company’s stock worth $8,963,000 after purchasing an additional 25,831 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).