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

Donnelley Financial Solutions (NYSE:DFIN) had its target price increased by equities researchers at B. Riley from $66.00 to $72.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price objective points to a potential upside of 14.61% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. DA Davidson upgraded shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $60.00 to $72.00 in a report on Friday, April 12th. Needham & Company LLC increased their price target on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st.

Donnelley Financial Solutions Stock Down 3.4 %

NYSE:DFIN traded down $2.18 during mid-day trading on Thursday, reaching $62.82. The company’s stock had a trading volume of 81,343 shares, compared to its average volume of 180,516. Donnelley Financial Solutions has a 1 year low of $40.73 and a 1 year high of $66.21. The stock has a fifty day moving average of $62.48 and a 200-day moving average of $60.20. The firm has a market capitalization of $1.85 billion, a PE ratio of 23.18 and a beta of 1.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31.

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

Insiders Place Their Bets

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Daniel Leib sold 33,122 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the transaction, the chief executive officer now owns 524,352 shares in the company, valued at approximately $33,752,538.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $63.84, for a total value of $194,520.48. Following the transaction, the director now owns 58,594 shares in the company, valued at approximately $3,740,640.96. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Donnelley Financial Solutions in the 3rd quarter worth $40,000. USA Financial Formulas acquired a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth about $72,000. Bfsg LLC acquired a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth about $109,000. Nkcfo LLC acquired a new stake in shares of Donnelley Financial Solutions during the 3rd quarter worth about $141,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of Donnelley Financial Solutions during the 4th quarter worth about $173,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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).