DA Davidson Lowers Donnelley Financial Solutions (NYSE:DFIN) Price Target to $72.00

Donnelley Financial Solutions (NYSE:DFIN) had its price objective cut by research analysts at DA Davidson from $76.00 to $72.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 48.44% from the company’s previous close.

A number of other research analysts have also weighed in on DFIN. Needham & Company LLC reduced their price objective on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday. B. Riley reduced their price objective on shares of 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 Trading Down 3.0 %

Shares of DFIN stock opened at $48.51 on Thursday. Donnelley Financial Solutions has a 12-month low of $47.94 and a 12-month high of $71.01. The firm has a market cap of $1.39 billion, a P/E ratio of 15.85 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $62.46 and a 200-day moving average of $63.36.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the transaction, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Donnelley Financial Solutions by 106.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after acquiring an additional 9,197 shares during the last quarter. Choreo LLC bought a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth $265,000. World Investment Advisors LLC bought a new stake in shares of Donnelley Financial Solutions during the 3rd quarter worth $719,000. Harbor Capital Advisors Inc. bought a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth $2,264,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after acquiring an additional 46,273 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).