Donnelley Financial Solutions’ (DFIN) Buy Rating Reiterated at Needham & Company LLC

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

Several other equities research analysts have also recently weighed in on DFIN. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $48.60 on Monday. The firm has a market cap of $1.19 billion, a PE ratio of 33.52 and a beta of 0.71. The firm’s fifty day moving average is $48.59 and its 200-day moving average is $45.87. 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.

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

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Joseph Leo Binz bought 5,780 shares of the stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of $47.75 per share, for a total transaction of $275,995.00. Following the completion of the acquisition, the director owned 24,704 shares in the company, valued at $1,179,616. This trade represents a 30.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently modified their holdings of DFIN. WINTON GROUP Ltd acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth approximately $2,813,000. Engineers Gate Manager LP boosted its stake in Donnelley Financial Solutions by 105.7% during the second quarter. Engineers Gate Manager LP now owns 27,247 shares of the company’s stock worth $1,143,000 after acquiring an additional 14,003 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Donnelley Financial Solutions by 72.4% in the second quarter. Squarepoint Ops LLC now owns 11,255 shares of the company’s stock worth $472,000 after purchasing an additional 4,725 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Donnelley Financial Solutions in the second quarter valued at $1,225,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Donnelley Financial Solutions in the second quarter valued at $34,000. 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.