B. Riley Raises Donnelley Financial Solutions (NYSE:DFIN) Price Target to $72.00

Donnelley Financial Solutions (NYSE:DFIN) had its target price increased by B. Riley from $66.00 to $72.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently commented on DFIN. DA Davidson raised Donnelley Financial Solutions from a neutral rating to a buy rating and boosted their target price for the stock from $60.00 to $72.00 in a report on Friday, April 12th. Needham & Company LLC boosted their price objective on Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a buy rating in a research note on Wednesday, February 21st.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $63.02 on Thursday. Donnelley Financial Solutions has a one year low of $40.73 and a one year high of $66.21. The stock’s fifty day moving average is $62.49 and its 200-day moving average is $60.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 23.25 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The company had revenue of $176.50 million during the quarter, compared to the consensus estimate of $169.35 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Donnelley Financial Solutions will post 2.93 EPS for the current year.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 33,122 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares in the company, valued at $33,752,538.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Craig Clay sold 5,698 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $66.02, for a total value of $376,181.96. Following the transaction, the insider now owns 148,748 shares of the company’s stock, valued at approximately $9,820,342.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel Leib sold 33,122 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total value of $2,132,063.14. Following the sale, the chief executive officer now owns 524,352 shares in the company, valued at approximately $33,752,538.24. The disclosure for this sale can be found here. Insiders have sold 41,867 shares of company stock valued at $2,702,766 in the last quarter. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DFIN. SG Americas Securities LLC acquired a new position in Donnelley Financial Solutions in the 3rd quarter worth approximately $310,000. Exchange Traded Concepts LLC purchased a new position in shares of Donnelley Financial Solutions during the third quarter valued at $429,000. Ellsworth Advisors LLC acquired a new position in Donnelley Financial Solutions during the third quarter valued at $448,000. Assetmark Inc. lifted its stake in Donnelley Financial Solutions by 1.2% in the 3rd quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after acquiring an additional 398 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Donnelley Financial Solutions by 19.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 159,255 shares of the company’s stock worth $8,963,000 after acquiring an additional 25,831 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 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).