Donnelley Financial Solutions (NYSE:DFIN) Price Target Cut to $72.00 by Analysts at DA Davidson

Donnelley Financial Solutions (NYSE:DFIN) had its target price trimmed by DA Davidson from $76.00 to $72.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. B. Riley reduced their price target on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reduced their price target on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday.

Donnelley Financial Solutions Stock Performance

Shares of NYSE:DFIN opened at $48.51 on Thursday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 15.85 and a beta of 1.36. The company has a 50-day moving average price of $62.46 and a 200-day moving average price of $63.36. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions has a 12 month low of $47.94 and a 12 month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The firm had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares in the company, valued at approximately $12,373,408.08. This 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 can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Donnelley Financial Solutions by 18.8% during the fourth 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 during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Donnelley Financial Solutions by 66.8% during the fourth quarter. Voloridge Investment Management LLC now owns 48,066 shares of the company’s stock valued at $3,015,000 after buying an additional 19,245 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Donnelley Financial Solutions by 14.4% during the fourth quarter. Two Sigma Advisers LP now owns 136,600 shares of the company’s stock valued at $8,569,000 after buying an additional 17,200 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Donnelley Financial Solutions by 29.3% during the fourth quarter. Two Sigma Investments LP now owns 151,795 shares of the company’s stock valued at $9,522,000 after buying an additional 34,356 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $19,595,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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).