Donnelley Financial Solutions (NYSE:DFIN) Stock Gets Downgrade from Wall Street Zen

Donnelley Financial Solutions (NYSE:DFIN) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Donnelley Financial Solutions in a report on Monday, September 21st. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Donnelley Financial Solutions Trading Up 1.0%

Shares of NYSE:DFIN opened at $48.92 on Friday. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $56.26. The company’s 50 day moving average is $48.41 and its two-hundred day moving average is $45.93. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.20 billion, a PE ratio of 33.74 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $224.20 million for the quarter, compared to analyst estimates of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $1.49 EPS. Equities analysts predict that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz bought 5,780 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average cost of $47.75 per share, with a total value of $275,995.00. Following the acquisition, the director owned 24,704 shares of the company’s stock, valued at approximately $1,179,616. This trade represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DFIN. WINTON GROUP Ltd acquired a new position in Donnelley Financial Solutions in the 2nd quarter valued at about $2,813,000. Bank of New York Mellon Corp purchased a new stake in Donnelley Financial Solutions during the 2nd quarter valued at approximately $5,935,000. Bank of America Corp DE purchased a new stake in Donnelley Financial Solutions during the 2nd quarter valued at approximately $5,608,000. BlackRock Inc. acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth approximately $165,182,000. Finally, Legal & General Group Plc acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth approximately $2,340,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc (NYSE:DFIN) provides software and technology-enabled services that support financial reporting, regulatory compliance, capital markets transactions and investment communications. The company serves public companies, private companies, investment firms and other organizations that need to prepare, manage and distribute business-critical financial information.

Its offerings include regulatory filing and reporting solutions, financial disclosure management software, data rooms for mergers and acquisitions, and tools for managing shareholder and investment-company communications.