DFIN appoints BMC Software CEO to board

Published 14/03/2025, 13:06
DFIN appoints BMC Software CEO to board

CHICAGO - Donnelley Financial Solutions (NYSE: DFIN), a company specializing in financial reporting and capital markets transactions software, has announced the appointment of Ayman Sayed, President and CEO of BMC Software Inc., to its board of directors. The announcement comes as DFIN’s stock trades near its 52-week low, with InvestingPro analysis indicating the company is currently undervalued. Sayed is set to stand for election at DFIN’s 2025 annual meeting and will join the board’s compensation committee.

Bringing a wealth of experience from his tenure at BMC Software, where he oversaw 18 consecutive quarters of growth, Sayed is recognized for his expertise in software development and executive management. His previous roles include Chief Product Officer at CA Technologies and various leadership positions at Cisco Systems. DFIN’s own financial performance remains solid, with InvestingPro data showing a healthy 61.9% gross profit margin and strong return on equity of 22%.

The addition of Sayed to the board is part of DFIN’s ongoing strategy to enhance shareholder value through product innovation and market expertise. Despite recent stock performance challenges, DFIN maintains a "GOOD" Financial Health score according to InvestingPro analysis, with management actively buying back shares. Sayed expressed his enthusiasm for joining DFIN’s board, citing the company’s transformation into a leader in financial regulatory and compliance software solutions.

The board of directors, which will remain composed of eight members, seven of whom are independent, is also bidding farewell to Charles D. Drucker, who retired on March 13, 2025. Richard L. Crandall, chairman of the board, thanked Drucker for his service and contributions to the company.

DFIN is known for providing software and technology-enabled solutions that support clients throughout business and investment lifecycles, adapting to market changes, evolving regulations, and technological advancements. The company emphasizes its commitment to delivering reliable solutions in critical moments.

This board appointment is based on a press release statement from Donnelley Financial LLC.

In other recent news, Donnelley Financial Solutions has been the subject of analyst revisions following its fourth-quarter earnings report. DA Davidson adjusted its price target for the company from $76 to $72, while maintaining a Buy rating. This decision came after Donnelley Financial’s fourth-quarter results did not meet DA Davidson’s expectations, and the company’s guidance for the first quarter of 2025 fell below both DA Davidson’s and the consensus forecasts. Analysts at DA Davidson have also revised their revenue and adjusted EBITDA projections for 2025 and 2026, reducing them by 2%-3% due to challenges in predicting Transactional revenue. Despite these adjustments, DA Davidson views the more than 20% drop in Donnelley Financial’s shares as an overreaction by the market. The firm continues to express confidence in the stock, as evidenced by the retained Buy rating. These developments highlight the recalibration of market expectations based on the latest financial data and conditions.

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