Donnelley Financial Solutions (NYSE:DFIN) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a $72.00 target price on the stock.

DFIN has been the subject of a number of other reports. DA Davidson upgraded Donnelley Financial Solutions from a neutral rating to a buy rating and upped their target price for the company from $60.00 to $72.00 in a research report on Friday, April 12th. B. Riley upped their target price on Donnelley Financial Solutions from $66.00 to $72.00 and gave the company a buy rating in a research report on Thursday, April 25th.

Donnelley Financial Solutions Stock Performance

NYSE DFIN traded down $3.17 on Wednesday, reaching $59.61. The stock had a trading volume of 313,211 shares, compared to its average volume of 182,708. 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 firm has a fifty day moving average of $62.47 and a two-hundred day moving average of $60.43. Donnelley Financial Solutions has a 1-year low of $40.73 and a 1-year high of $66.21. The company has a market cap of $1.75 billion, a P/E ratio of 22.00 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.01). The company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $169.35 million. Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The business's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities research analysts anticipate that Donnelley Financial Solutions will post 2.93 EPS for the current year.

Insider Buying and Selling

In related news, Director Luis A. Aguilar sold 3,047 shares of the company's stock in a transaction 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 sale, the director now directly owns 58,594 shares in the company, valued at approximately $3,740,640.96. The sale was disclosed in a filing with the SEC, which is available through this link. In other Donnelley Financial Solutions news, insider Craig Clay sold 5,698 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the completion of the transaction, the insider now directly owns 148,748 shares in the company, valued at $9,820,342.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the completion of the transaction, the director now owns 58,594 shares of the company's stock, valued at $3,740,640.96. The disclosure for this sale can be found here. Insiders sold a total of 41,867 shares of company stock worth $2,702,766 in the last ninety days. 11.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Donnelley Financial Solutions by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 53,381 shares of the company's stock valued at $3,310,000 after purchasing an additional 2,458 shares during the last quarter. BNP Paribas Financial Markets raised its position in Donnelley Financial Solutions by 2.3% in the first quarter. BNP Paribas Financial Markets now owns 18,974 shares of the company's stock valued at $1,177,000 after purchasing an additional 423 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Donnelley Financial Solutions by 4.0% in the first quarter. Assenagon Asset Management S.A. now owns 37,361 shares of the company's stock valued at $2,317,000 after purchasing an additional 1,425 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Donnelley Financial Solutions by 39.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 141,555 shares of the company's stock valued at $8,778,000 after purchasing an additional 40,181 shares during the last quarter. Finally, Bridge City Capital LLC raised its position in Donnelley Financial Solutions by 17.9% in the first quarter. Bridge City Capital LLC now owns 6,005 shares of the company's stock valued at $372,000 after purchasing an additional 912 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

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).