Donnelley Financial Solutions (NYSE:DFIN) Stock Price Up 8.5% – Still a Buy?

Shares of Donnelley Financial Solutions (NYSE:DFIN) were up 8.5% during trading on Tuesday . The stock traded as high as $51.74 and last traded at $52.38. Approximately 5,960 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 288,126 shares. The stock had previously closed at $48.26.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. Zacks Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, DA Davidson dropped their price objective on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $59.50.

Donnelley Financial Solutions Stock Up 5.6%

The firm’s fifty day moving average price is $42.22 and its 200-day moving average price is $46.23. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 41.16 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.

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

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Donnelley Financial Solutions by 109.4% during the first quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after purchasing an additional 336 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth approximately $70,000. Wealth Enhancement Advisory Services LLC grew its holdings in Donnelley Financial Solutions by 117.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,106 shares of the company’s stock worth $98,000 after acquiring an additional 1,138 shares during the last quarter. Vestcor Inc acquired a new position in Donnelley Financial Solutions in the 3rd quarter valued at approximately $160,000. Finally, LSV Asset Management raised its stake in shares of Donnelley Financial Solutions by 117.6% during the fourth quarter. LSV Asset Management now owns 3,700 shares of the company’s stock valued at $173,000 after acquiring an additional 2,000 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

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.