Needham & Company LLC Reaffirms "Buy" Rating for Donnelley Financial Solutions (NYSE:DFIN)

Key Points

• Needham reaffirmed its “Buy” rating on Donnelley Financial Solutions with a $60 price target, implying approximately 25.6% upside from the prior close.
• DFIN reported quarterly earnings of $1.76 per share, exceeding the $1.63 consensus estimate, while revenue of $224.2 million also topped expectations and increased 2.8% year over year.
• Institutional investors own 93.84% of the company, and director Joseph Leo Binz purchased 15,000 shares worth approximately $724,050; analysts collectively maintain a “Moderate Buy” consensus with an average target of $61.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Needham & Company LLC in a report issued on Monday, Benzinga reports. They currently have a $60.00 price target on the stock. Needham & Company LLC's price target would indicate a potential upside of 25.63% from the stock's previous close.

Several other research firms have also issued reports on DFIN. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. Wall Street Zen downgraded shares of Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 27th. Finally, Zacks Research lowered Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Donnelley Financial Solutions has a consensus rating of "Moderate Buy" and an average price target of $61.00.

Donnelley Financial Solutions Trading Down 0.1%

Shares of DFIN opened at $47.76 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $56.26. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 32.94 and a beta of 0.71. The business's fifty day moving average is $48.49 and its 200-day moving average is $45.96.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $224.20 million for the quarter, compared to analyst estimates of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.Donnelley Financial Solutions's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. Equities analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz acquired 15,000 shares of Donnelley Financial Solutions stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $48.27 per share, with a total value of $724,050.00. Following the transaction, the director owned 18,924 shares of the company's stock, valued at approximately $913,461.48. This trade represents a 382.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Donnelley Financial Solutions in the second quarter valued at about $165,182,000. Alberta Investment Management Corp bought a new position in Donnelley Financial Solutions during the second quarter valued at $44,157,000. Rice Hall James & Associates LLC raised its stake in shares of Donnelley Financial Solutions by 1.8% in the first quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company's stock valued at $36,771,000 after buying an additional 14,098 shares during the period. William Blair Investment Management LLC bought a new stake in Donnelley Financial Solutions in the 2nd quarter valued at about $26,510,000. Finally, Royce & Associates LP lifted its stake in shares of Donnelley Financial Solutions by 36.0% during the 4th quarter. Royce & Associates LP now owns 590,136 shares of the company's stock valued at $27,553,000 after buying an additional 156,059 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc NYSE: DFIN provides software and technology-enabled services for companies and investment firms involved in public and private capital markets. Its solutions are designed to help clients prepare, manage, file and distribute financial and regulatory information while supporting compliance and investor communications.

The company's offerings include SEC reporting and compliance software, transaction and filing services, financial communication solutions, and technology for investment companies and alternative investment managers.

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