Donnelley Financial Solutions (NYSE:DFIN) Hits New 1-Year High at $37.58

Donnelley Financial Solutions, Inc. (NYSE:DFIN)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $37.58 and last traded at $37.58, with a volume of 1 shares trading hands. The stock had previously closed at $36.97.

A number of brokerages have issued reports on DFIN. Zacks Investment Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 6th. B. Riley boosted their price target on Donnelley Financial Solutions from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Donnelley Financial Solutions currently has a consensus rating of “Buy” and a consensus target price of $32.25.

The company has a market cap of $1.26 billion, a PE ratio of 26.41 and a beta of 2.06. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.75. The business has a 50 day simple moving average of $34.06 and a two-hundred day simple moving average of $31.62.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, August 4th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.46. The business had revenue of $267.50 million during the quarter, compared to the consensus estimate of $234.20 million. Donnelley Financial Solutions had a return on equity of 17.63% and a net margin of 5.30%. On average, equities research analysts expect that Donnelley Financial Solutions, Inc. will post 3.5 earnings per share for the current fiscal year.

In related news, CEO Daniel Leib sold 31,822 shares of the stock in a transaction on Monday, August 9th. The stock was sold at an average price of $33.83, for a total value of $1,076,538.26. Following the completion of the sale, the chief executive officer now directly owns 476,791 shares in the company, valued at approximately $16,129,839.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.80% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of DFIN. BlackRock Inc. lifted its holdings in Donnelley Financial Solutions by 2.6% in the second quarter. BlackRock Inc. now owns 5,310,077 shares of the company’s stock worth $175,232,000 after acquiring an additional 133,844 shares during the last quarter. FMR LLC lifted its holdings in Donnelley Financial Solutions by 54.5% in the first quarter. FMR LLC now owns 3,771,091 shares of the company’s stock worth $56,114,000 after acquiring an additional 1,330,408 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Donnelley Financial Solutions by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,873,740 shares of the company’s stock worth $61,834,000 after acquiring an additional 57,428 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in Donnelley Financial Solutions by 78.5% in the second quarter. Rice Hall James & Associates LLC now owns 1,598,198 shares of the company’s stock worth $52,741,000 after acquiring an additional 702,859 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Donnelley Financial Solutions by 10.3% in the second quarter. State Street Corp now owns 991,833 shares of the company’s stock valued at $32,730,000 after purchasing an additional 92,667 shares during the period. 88.36% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Company Profile (NYSE:DFIN)

Donnelley Financial Solutions, Inc engages in the provision of compliance and technology solutions. It operates through the United States and International segments. The United States segment comprises capital markets, investment markets, and language solutions and other. The International segment focuses on working with international investment market clients on capital market offerings and regulatory compliance related activities within the United States.

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