Donnelley Financial Solutions (NYSE:DFIN) Stock Keeps “Buy” Rating at Needham & Company LLC

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued to investors on Monday, September 21st, Benzinga reports. They presently have a $60.00 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 23.95% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Donnelley Financial Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

Donnelley Financial Solutions Stock Down 1.1%

Shares of NYSE DFIN traded down $0.52 during trading hours on Monday, hitting $48.41. The stock had a trading volume of 6,713 shares, compared to its average volume of 275,268. The company has a market capitalization of $1.19 billion, a P/E ratio of 33.38 and a beta of 0.71. The firm’s 50-day moving average price is $48.55 and its two-hundred day moving average price is $45.88. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $56.26. 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 (NYSE:DFIN) last posted its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The firm had revenue of $224.20 million during the quarter, compared to analyst estimates of $221.40 million. During the same period in the previous year, the company earned $1.49 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz bought 5,780 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of $47.75 per share, with a total value of $275,995.00. Following the transaction, the director owned 24,704 shares in the company, valued at $1,179,616. This represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth approximately $165,182,000. Alberta Investment Management Corp acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth approximately $44,157,000. Rice Hall James & Associates LLC increased its holdings in shares of Donnelley Financial Solutions by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock worth $36,771,000 after acquiring an additional 14,098 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Donnelley Financial Solutions by 36.0% during the 4th quarter. Royce & Associates LP now owns 590,136 shares of the company’s stock worth $27,553,000 after acquiring an additional 156,059 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth approximately $26,510,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

About Donnelley Financial Solutions

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.