Donnelley Financial Solutions (NYSE:DFIN) Upgraded to “Strong-Buy” at Zacks Research

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, DA Davidson decreased their price target on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research 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 company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $59.50.

Donnelley Financial Solutions Price Performance

Shares of DFIN stock opened at $42.00 on Monday. The firm has a fifty day simple moving average of $41.80 and a 200-day simple moving average of $46.15. The company has a market capitalization of $1.05 billion, a PE ratio of 32.56 and a beta of 0.74. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $66.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.59.

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

Institutional Investors Weigh In On Donnelley Financial Solutions

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