Donnelley Financial Solutions' (DFIN) Buy Rating Reaffirmed at Needham & Company LLC

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $72.00 price target on the stock. Needham & Company LLC's price target would indicate a potential upside of 37.93% from the company's previous close.

Separately, DA Davidson reaffirmed a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Donnelley Financial Solutions Price Performance

Shares of NYSE DFIN traded up $0.41 during mid-day trading on Thursday, hitting $52.20. 85,510 shares of the company's stock traded hands, compared to its average volume of 222,461. The company has a market capitalization of $1.44 billion, a P/E ratio of 17.03 and a beta of 1.04. Donnelley Financial Solutions has a 1 year low of $37.80 and a 1 year high of $71.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. The company's 50-day moving average is $44.30 and its two-hundred day moving average is $55.49.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The firm had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.47 million. During the same quarter in the previous year, the company posted $0.91 EPS. The company's revenue for the quarter was down 1.1% compared to the same quarter last year.

Insider Buying and Selling

In related news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now directly owns 515,191 shares in the company, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now owns 43,128 shares of the company's stock, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their position. The disclosure for this purchase can be found here. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds have recently made changes to their positions in DFIN. Frontier Capital Management Co. LLC acquired a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth about $26,329,000. Port Capital LLC purchased a new position in Donnelley Financial Solutions during the 4th quarter worth approximately $23,114,000. Tidal Investments LLC acquired a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $19,595,000. Public Employees Retirement Association of Colorado boosted its holdings in shares of Donnelley Financial Solutions by 5,062.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 198,239 shares of the company's stock valued at $12,436,000 after acquiring an additional 194,399 shares during the last quarter. Finally, Shapiro Capital Management LLC acquired a new stake in shares of Donnelley Financial Solutions in the fourth quarter worth $11,381,000. 93.84% of the stock is owned by institutional investors and hedge funds.

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).