B. Riley Cuts Donnelley Financial Solutions (NYSE:DFIN) Price Target to $70.00

Donnelley Financial Solutions (NYSE:DFIN) had its price target lowered by B. Riley from $80.00 to $70.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the stock. DA Davidson raised their target price on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Donnelley Financial Solutions Stock Up 1.5 %

DFIN stock opened at $57.76 on Tuesday. The firm’s 50 day moving average price is $65.28 and its 200-day moving average price is $63.33. Donnelley Financial Solutions has a one year low of $52.52 and a one year high of $71.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $1.67 billion, a PE ratio of 18.05 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The firm had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Donnelley Financial Solutions will post 3.02 EPS for the current year.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 8,823 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total value of $553,819.71. Following the completion of the sale, the insider now owns 124,186 shares in the company, valued at approximately $7,795,155.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Eric J. Johnson sold 8,823 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total transaction of $553,819.71. Following the completion of the sale, the insider now directly owns 124,186 shares of the company’s stock, valued at $7,795,155.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Leib sold 400 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.01, for a total transaction of $28,004.00. Following the sale, the chief executive officer now owns 524,791 shares in the company, valued at $36,740,617.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,113 shares of company stock valued at $13,608,056. 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 bought and sold shares of DFIN. Mawer Investment Management Ltd. raised its holdings in Donnelley Financial Solutions by 47.5% in the first quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock valued at $126,637,000 after buying an additional 657,835 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Donnelley Financial Solutions by 1,178.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after acquiring an additional 302,957 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Donnelley Financial Solutions by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after buying an additional 152,867 shares during the period. Millennium Management LLC grew its stake in Donnelley Financial Solutions by 108.9% during the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after buying an additional 131,994 shares during the last quarter. Finally, Burney Co. boosted its position in shares of Donnelley Financial Solutions by 193.3% during the second quarter. Burney Co. now owns 178,524 shares of the company’s stock worth $10,644,000 after buying an additional 117,662 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

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).