Donnelley Financial Solutions’ (DFIN) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a report released on Thursday morning,Benzinga reports. They currently have a $66.00 price objective on the stock.

DFIN has been the subject of several other reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Zacks Research upgraded shares of Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Donnelley Financial Solutions has an average rating of “Buy” and a consensus price target of $61.50.

Donnelley Financial Solutions Stock Performance

DFIN opened at $52.46 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average price of $47.65 and a 200 day moving average price of $48.66. Donnelley Financial Solutions has a 1 year low of $37.07 and a 1 year high of $66.25. The stock has a market cap of $1.34 billion, a P/E ratio of 49.03 and a beta of 0.87.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.30. Donnelley Financial Solutions had a net margin of 4.22% and a return on equity of 23.88%. The firm had revenue of $172.50 million during the quarter, compared to analysts’ expectations of $155.27 million. During the same period in the previous year, the business posted $0.40 EPS. The business’s revenue was up 10.4% compared to the same quarter last year.

Insider Buying and Selling

In related news, insider Eric J. Johnson sold 20,280 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the sale, the insider owned 116,814 shares of the company’s stock, valued at approximately $5,859,390.24. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Donnelley Financial Solutions by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock worth $96,032,000 after acquiring an additional 49,875 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Donnelley Financial Solutions by 8.0% during the third quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company’s stock worth $63,634,000 after buying an additional 91,494 shares in the last quarter. Simcoe Capital Management LLC grew its holdings in shares of Donnelley Financial Solutions by 14.4% during the third quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock worth $61,057,000 after buying an additional 149,455 shares in the last quarter. Alberta Investment Management Corp grew its holdings in shares of Donnelley Financial Solutions by 151.3% during the fourth quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock worth $41,069,000 after buying an additional 529,600 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Donnelley Financial Solutions by 0.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 765,939 shares of the company’s stock worth $35,762,000 after buying an additional 6,871 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.