Donnelley Financial Solutions (NYSE:DFIN) Hits New 12-Month Low – Here’s What Happened

Donnelley Financial Solutions (NYSE:DFIN)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $37.07 and last traded at $36.64, with a volume of 64107 shares traded. The stock had previously closed at $38.51.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. DA Davidson cut their target price on 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. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

Donnelley Financial Solutions Trading Down 4.8%

The company has a 50-day simple moving average of $44.91 and a 200-day simple moving average of $47.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $915.57 million, a P/E ratio of 28.41 and a beta of 0.74.

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

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Access Investment Management LLC raised its position in shares of Donnelley Financial Solutions by 6.5% during the first quarter. Access Investment Management LLC now owns 233,835 shares of the company’s stock worth $11,023,000 after acquiring an additional 14,190 shares during the last quarter. Amundi bought a new stake in shares of Donnelley Financial Solutions during the first quarter worth $209,000. California State Teachers Retirement System raised its position in shares of Donnelley Financial Solutions by 40.9% during the first quarter. California State Teachers Retirement System now owns 35,691 shares of the company’s stock worth $1,682,000 after acquiring an additional 10,352 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Donnelley Financial Solutions during the first quarter worth $316,000. Finally, Quantinno Capital Management LP raised its position in shares of Donnelley Financial Solutions by 11.7% during the first quarter. Quantinno Capital Management LP now owns 23,986 shares of the company’s stock worth $1,131,000 after acquiring an additional 2,507 shares during the last quarter. Institutional investors 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.