Donnelley Financial Solutions (NYSE:DFIN) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Donnelley Financial Solutions (NYSE:DFIN) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Several other equities analysts also recently weighed in on the stock. DA Davidson lowered their price target 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. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 price target on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $42.91 on Friday. The firm’s 50 day moving average price is $48.83 and its 200-day moving average price is $48.32. Donnelley Financial Solutions has a twelve month low of $37.07 and a twelve month high of $66.25. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.07 billion, a PE ratio of 33.27 and a beta of 0.83.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. The firm had revenue of $205.50 million for the quarter, compared to analysts’ expectations of $204.80 million. During the same quarter in the prior year, the business earned $1.24 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that Donnelley Financial Solutions will post 4.12 EPS for the current year.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 20,280 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $50.16, for a total transaction of $1,017,244.80. Following the transaction, the insider owned 116,814 shares of the company’s stock, valued at $5,859,390.24. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently added to or reduced their stakes in DFIN. Blue Trust Inc. raised its position 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 valued at $30,000 after buying an additional 336 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Donnelley Financial Solutions during the third quarter valued at approximately $52,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $70,000. Versant Capital Management Inc raised its position in shares of Donnelley Financial Solutions by 28.9% during the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock valued at $79,000 after buying an additional 343 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of Donnelley Financial Solutions during the third quarter valued at approximately $87,000. Hedge funds and other institutional investors 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.