B. Riley Lowers Donnelley Financial Solutions (NYSE:DFIN) Price Target to $70.00

Donnelley Financial Solutions (NYSE:DFIN) had its price objective lowered by equities research analysts at B. Riley from $80.00 to $70.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 15.61% from the company’s current price.

Several other equities analysts also recently weighed in on DFIN. DA Davidson increased their target price on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $60.55 on Tuesday. Donnelley Financial Solutions has a one year low of $52.52 and a one year high of $71.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day simple moving average of $65.18 and a 200-day simple moving average of $63.31. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.92 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The business had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. During the same quarter in the previous year, the company posted $0.58 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, analysts predict that Donnelley Financial Solutions will post 3.02 EPS for the current year.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 2,881 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at approximately $36,262,234.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Daniel Leib sold 2,881 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the transaction, the chief executive officer now owns 517,810 shares in the company, valued at approximately $36,262,234.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $67.42, for a total value of $7,730,040.10. Following the completion of the sale, the director now directly owns 1,008,206 shares of the company’s stock, valued at $67,973,248.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,290 shares of company stock valued at $13,054,236 in the last quarter. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of Donnelley Financial Solutions by 72.3% during the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 198 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after acquiring an additional 422 shares in the last quarter. Quarry LP raised its holdings in shares of Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after acquiring an additional 621 shares during the period. nVerses Capital LLC acquired a new stake in Donnelley Financial Solutions in the 2nd quarter valued at approximately $48,000. Finally, Quest Partners LLC bought a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $197,000. 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).