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

Donnelley Financial Solutions (NYSE:DFIN) had its price target upped by B. Riley from $66.00 to $72.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also issued reports on DFIN. Needham & Company LLC lifted their target price 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 lifted their price objective for the stock from $60.00 to $72.00 in a research report on Friday, April 12th.

Donnelley Financial Solutions Stock Up 1.5 %

NYSE DFIN traded up $0.94 during trading on Thursday, reaching $63.20. 50,840 shares of the company’s stock traded hands, compared to its average volume of 180,310. The company’s 50 day simple moving average is $62.46 and its two-hundred day simple moving average is $60.21. Donnelley Financial Solutions has a 12-month low of $40.73 and a 12-month high of $66.21. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 22.94 and a beta of 1.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). The business had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $169.35 million. Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, sell-side analysts forecast that Donnelley Financial Solutions will post 2.93 EPS for the current fiscal year.

Insider Activity

In related news, CEO Daniel Leib sold 33,122 shares of the company’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 completion of the transaction, the chief executive officer now owns 524,352 shares of the company’s stock, valued at approximately $33,752,538.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of the firm’s stock in a transaction 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 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 the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the sale, the director now owns 58,594 shares of the company’s stock, valued at $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

Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of Donnelley Financial Solutions by 207.4% in the 3rd quarter. Invesco Ltd. now owns 753,883 shares of the company’s stock valued at $42,429,000 after purchasing an additional 508,638 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in Donnelley Financial Solutions by 38.4% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,384,369 shares of the company’s stock worth $86,343,000 after buying an additional 383,828 shares during the period. Boston Trust Walden Corp boosted its stake 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 worth $43,471,000 after buying an additional 238,489 shares during the period. Access Investment Management LLC acquired a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at about $13,606,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Donnelley Financial Solutions by 445.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 138,316 shares of the company’s stock valued at $7,784,000 after acquiring an additional 112,954 shares during the period. 93.84% of the stock is currently owned by hedge funds and other 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).