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

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 firm currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of 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 increased their price target for the stock from $60.00 to $72.00 in a report on Friday, April 12th.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $63.02 on Thursday. 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 has a 1 year low of $40.73 and a 1 year high of $66.21. The company has a market capitalization of $1.86 billion, a PE ratio of 23.25 and a beta of 1.50. The company has a fifty day moving average of $62.49 and a two-hundred day moving average of $60.32.

Donnelley Financial Solutions (NYSE:DFIN) last released 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). Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The company had revenue of $176.50 million during the quarter, compared to analyst estimates of $169.35 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, analysts expect that Donnelley Financial Solutions will post 2.93 earnings per share for the current year.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction dated 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 transaction, the director now directly owns 58,594 shares of the company’s stock, valued at $3,740,640.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Craig Clay sold 5,698 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $66.02, for a total value of $376,181.96. Following the sale, the insider now directly owns 148,748 shares in the company, valued at $9,820,342.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $194,520.48. Following the completion of the sale, the director now owns 58,594 shares in the company, valued at $3,740,640.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,867 shares of company stock valued at $2,702,766. Corporate insiders own 11.90% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Donnelley Financial Solutions during the third quarter worth approximately $310,000. Exchange Traded Concepts LLC acquired a new stake in Donnelley Financial Solutions during the third quarter worth approximately $429,000. Ellsworth Advisors LLC acquired a new stake in Donnelley Financial Solutions during the third quarter worth approximately $448,000. Assetmark Inc. boosted its position in Donnelley Financial Solutions by 1.2% during the third quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock worth $1,907,000 after acquiring an additional 398 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Donnelley Financial Solutions by 19.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 159,255 shares of the company’s stock worth $8,963,000 after acquiring an additional 25,831 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

About Donnelley Financial Solutions

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).