DA Davidson Upgrades Donnelley Financial Solutions (NYSE:DFIN) to “Buy”

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report issued on Friday, Marketbeat.com reports. The firm currently has a $72.00 target price on the stock, up from their previous target price of $60.00. DA Davidson’s target price suggests a potential upside of 15.85% from the company’s current price.

Separately, Needham & Company LLC increased 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.

Donnelley Financial Solutions Stock Up 3.8 %

NYSE:DFIN opened at $62.15 on Friday. Donnelley Financial Solutions has a one year low of $40.73 and a one year high of $66.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $1.83 billion, a PE ratio of 22.93 and a beta of 1.50. The firm’s 50 day simple moving average is $62.57 and its 200 day simple moving average is $59.75.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly 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 business 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%. Donnelley Financial Solutions’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. On average, research analysts anticipate that Donnelley Financial Solutions will post 2.93 earnings per share for the current year.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of the stock in a transaction dated 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 in the company, valued at approximately $33,752,538.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 33,122 shares of the business’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 transaction, the chief executive officer now directly owns 524,352 shares of the company’s stock, valued at $33,752,538.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Luis A. Aguilar sold 3,047 shares of the firm’s stock in a transaction that occurred on 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 directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Donnelley Financial Solutions during the second quarter valued at approximately $28,000. Quantbot Technologies LP bought a new stake in shares of Donnelley Financial Solutions during the third quarter worth about $40,000. Tower Research Capital LLC TRC raised its holdings in shares of Donnelley Financial Solutions by 65.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company’s stock worth $62,000 after acquiring an additional 660 shares during the last quarter. USA Financial Formulas bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $72,000. Finally, Bfsg LLC acquired a new position in Donnelley Financial Solutions during the 4th quarter valued at about $109,000. Institutional investors and hedge funds 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).