Donnelley Financial Solutions (NYSE:DFIN) Price Target Lowered to $72.00 at Needham & Company LLC

Donnelley Financial Solutions (NYSE:DFIN) had its price target trimmed by Needham & Company LLC from $79.00 to $72.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, B. Riley lowered their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Donnelley Financial Solutions Trading Down 4.8 %

Shares of DFIN stock opened at $48.50 on Wednesday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 15.16 and a beta of 1.36. Donnelley Financial Solutions has a 1 year low of $47.94 and a 1 year high of $71.01. The firm’s fifty day simple moving average is $62.95 and its 200 day simple moving average is $63.54. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Donnelley Financial Solutions by 18.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 100,280 shares of the company’s stock valued at $6,291,000 after buying an additional 15,873 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Donnelley Financial Solutions by 66.8% in the 4th quarter. Voloridge Investment Management LLC now owns 48,066 shares of the company’s stock valued at $3,015,000 after purchasing an additional 19,245 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Donnelley Financial Solutions by 14.4% in the 4th quarter. Two Sigma Advisers LP now owns 136,600 shares of the company’s stock worth $8,569,000 after purchasing an additional 17,200 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Donnelley Financial Solutions by 29.3% during the 4th quarter. Two Sigma Investments LP now owns 151,795 shares of the company’s stock worth $9,522,000 after purchasing an additional 34,356 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Donnelley Financial Solutions during the 4th quarter valued at about $19,595,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Company Profile

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).