Donnelley Financial Solutions (NYSE:DFIN) Given Consensus Rating of “Buy” by Brokerages

Donnelley Financial Solutions (NYSE:DFIN) has earned an average rating of “Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $59.50.

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. DA Davidson dropped their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Zacks Research raised shares of Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th.

Donnelley Financial Solutions Trading Up 2.6%

NYSE DFIN opened at $49.90 on Friday. The firm has a market cap of $1.25 billion, a P/E ratio of 38.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s 50-day moving average is $41.00 and its 200-day moving average is $46.15. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $65.78.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. Donnelley Financial Solutions had a return on equity of 24.80% and a net margin of 4.52%.The business had revenue of $205.50 million for the quarter, compared to analysts’ expectations of $204.80 million. During the same quarter in the previous year, the business posted $1.24 EPS. Donnelley Financial Solutions’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Donnelley Financial Solutions will post 4.46 earnings per share for the current fiscal year.

Institutional Trading of Donnelley Financial Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Simcoe Capital Management LLC boosted its position 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 during the period. 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. Rice Hall James & Associates LLC raised its position in Donnelley Financial Solutions by 1.8% in the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock valued at $36,771,000 after buying an additional 14,098 shares during the last quarter. Shapiro Capital Management LLC lifted its stake in Donnelley Financial Solutions by 33.1% in the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after acquiring an additional 176,720 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Donnelley Financial Solutions by 1,842.6% in the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after acquiring an additional 562,144 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

About Donnelley Financial Solutions

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.