Donnelley Financial Solutions (NYSE:DFIN) Sees Strong Trading Volume – Still a Buy?

Shares of Donnelley Financial Solutions (NYSE:DFIN) saw unusually-high trading volume on Friday . Approximately 817,766 shares traded hands during trading, an increase of 227% from the previous session’s volume of 250,047 shares.The stock last traded at $39.07 and had previously closed at $38.41.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. CJS Securities raised Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Needham & Company LLC reissued a “buy” rating and issued a $57.00 target price on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. DA Davidson reaffirmed a “buy” rating and set a $66.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, January 30th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Finally, Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Donnelley Financial Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 37.17 and a beta of 0.92. The stock has a fifty day simple moving average of $48.68 and a two-hundred day simple moving average of $50.84.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Donnelley Financial Solutions by 1,107.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock valued at $31,000 after acquiring an additional 465 shares during the last quarter. CWM LLC lifted its holdings in Donnelley Financial Solutions by 53.7% in the second quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after buying an additional 241 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Donnelley Financial Solutions during the third quarter valued at $52,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth about $70,000. Finally, Versant Capital Management Inc raised its position in shares of Donnelley Financial Solutions by 28.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock worth $79,000 after acquiring an additional 343 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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.