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

Donnelley Financial Solutions (NYSE:DFIN) had its target price raised 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 currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 14.61% from the stock’s current price.

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

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded down $2.18 on Thursday, hitting $62.82. The stock had a trading volume of 81,343 shares, compared to its average volume of 180,516. Donnelley Financial Solutions has a twelve month low of $40.73 and a twelve month high of $66.21. The business’s 50 day moving average is $62.48 and its two-hundred day moving average is $60.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 23.18 and a beta of 1.50.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly 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). The company had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Analysts forecast 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 company’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 accessible through the SEC website. In other news, Director Luis A. Aguilar sold 3,047 shares of the company’s 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 completion of the sale, the director now owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares of the company’s stock, valued at approximately $33,752,538.24. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of DFIN. Mawer Investment Management Ltd. increased its stake in Donnelley Financial Solutions by 38.4% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,384,369 shares of the company’s stock valued at $86,343,000 after purchasing an additional 383,828 shares in the last quarter. American Century Companies Inc. grew its position in Donnelley Financial Solutions by 1.5% during the third quarter. American Century Companies Inc. now owns 982,113 shares of the company’s stock valued at $55,273,000 after buying an additional 14,621 shares during the period. Invesco Ltd. grew its position in Donnelley Financial Solutions by 207.4% during the third quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock valued at $42,429,000 after buying an additional 508,638 shares during the period. Boston Trust Walden Corp grew its position in Donnelley Financial Solutions by 52.0% during the fourth quarter. Boston Trust Walden Corp now owns 696,982 shares of the company’s stock valued at $43,471,000 after buying an additional 238,489 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in Donnelley Financial Solutions by 2.8% during the third quarter. William Blair Investment Management LLC now owns 522,002 shares of the company’s stock valued at $29,378,000 after purchasing an additional 14,296 shares in the last quarter. 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).