Needham & Company LLC Issues Pessimistic Forecast for Donnelley Financial Solutions (NYSE:DFIN) Stock Price

Donnelley Financial Solutions (NYSE:DFIN) had its target price cut by analysts at Needham & Company LLC from $79.00 to $72.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 41.11% from the company’s current price.

Separately, B. Riley lowered their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $51.02 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.47 billion, a PE ratio of 15.95 and a beta of 1.36. The company’s fifty day simple moving average is $63.40 and its 200-day simple moving average is $63.73. Donnelley Financial Solutions has a 52 week low of $48.38 and a 52 week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%.

Insider Buying and Selling

In related news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Donnelley Financial Solutions by 781.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares during the last quarter. Quarry LP bought a new stake in Donnelley Financial Solutions in the fourth quarter valued at $42,000. Aquatic Capital Management LLC acquired a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at $49,000. Huntington National Bank grew its position in shares of Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company’s stock worth $57,000 after acquiring an additional 156 shares during the last quarter. Finally, Principal Securities Inc. grew its position in shares of Donnelley Financial Solutions by 1,537.1% during the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after acquiring an additional 953 shares during the last quarter. 93.84% of the stock is owned by 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).