Donnelley Financial Solutions’ (DFIN) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a research note published on Monday morning,Benzinga reports. The brokerage currently has a $60.00 price target on the stock.

Several other analysts have also recently weighed in on the company. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Donnelley Financial Solutions Stock Up 1.3%

Shares of DFIN opened at $48.41 on Monday. The firm has a market cap of $1.19 billion, a P/E ratio of 33.39 and a beta of 0.71. 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’s 50-day simple moving average is $48.55 and its 200 day simple moving average is $45.93.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The firm had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. During the same period last year, the business posted $1.49 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Insider Activity

In related news, Director Joseph Leo Binz purchased 5,780 shares of Donnelley Financial Solutions stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of $47.75 per share, with a total value of $275,995.00. Following the completion of the transaction, the director directly owned 24,704 shares of the company’s stock, valued at $1,179,616. This represents a 30.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired 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 in the 2nd quarter valued at about $44,157,000. Rice Hall James & Associates LLC raised its position in shares of Donnelley Financial Solutions by 1.8% in the 1st 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 in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at approximately $26,510,000. Finally, Royce & Associates LP lifted its holdings 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 worth $27,553,000 after acquiring an additional 156,059 shares during the period. 93.84% of the stock is currently owned by 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.