Donnelley Financial Solutions (NYSE:DFIN) Price Target Raised to $76.00

Donnelley Financial Solutions (NYSE:DFIN) had its price target hoisted by DA Davidson from $62.00 to $76.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

DFIN has been the subject of a number of other reports. Needham & Company LLC lifted their price target on Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Finally, Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Donnelley Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Donnelley Financial Solutions Trading Up 2.4%

Shares of NYSE:DFIN opened at $69.79 on Monday. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $72.04. The company’s 50 day moving average is $51.27 and its two-hundred day moving average is $47.57. The company has a market cap of $1.70 billion, a PE ratio of 16.91, a P/E/G ratio of 2.06 and a beta of 0.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.23. The business had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $179.90 million. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. Equities analysts predict that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CAO Kami Turner sold 12,100 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $67.06, for a total transaction of $811,426.00. Following the transaction, the chief accounting officer owned 50,314 shares of the company’s stock, valued at approximately $3,374,056.84. This trade represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Clay sold 36,028 shares of Donnelley Financial Solutions stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $67.62, for a total value of $2,436,213.36. Following the sale, the insider owned 64,050 shares in the company, valued at $4,331,061. This trade represents a 36.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,146 shares of company stock valued at $6,898,176 over the last ninety days. Insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Donnelley Financial Solutions during the 2nd quarter worth $165,182,000. Alberta Investment Management Corp purchased a new stake in shares of Donnelley Financial Solutions in the second quarter valued at about $44,157,000. Rice Hall James & Associates LLC raised its holdings in shares of Donnelley Financial Solutions by 1.8% in the first 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 during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth about $26,510,000. Finally, Algert Global LLC boosted its stake in shares of Donnelley Financial Solutions by 90.9% during the second quarter. Algert Global LLC now owns 529,983 shares of the company’s stock worth $22,233,000 after buying an additional 252,383 shares during the period. 93.84% of the stock is owned by hedge funds and other institutional investors.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company’s offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.