Donnelley Financial Solutions (NYSE:DFIN) Raised to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. They currently have $11.00 price target on the stock.

According to Zacks, “Donnelley Financial Solutions, Inc. provides software and services. It offers content creation, management and distribution, as well as data analytics and multi-lingual localization services. Donnelley Financial Solutions, Inc. is based in Chicago, United States. “

A number of other research firms have also recently commented on DFIN. DA Davidson lowered their target price on Donnelley Financial Solutions from $25.00 to $21.00 and set a buy rating on the stock in a research note on Tuesday, October 22nd. ValuEngine upgraded Donnelley Financial Solutions from a sell rating to a hold rating in a research note on Wednesday, October 2nd. B. Riley began coverage on Donnelley Financial Solutions in a research note on Wednesday, October 16th. They set a buy rating and a $16.00 target price on the stock. Finally, TheStreet upgraded Donnelley Financial Solutions from a d+ rating to a c rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $16.00.

Shares of NYSE DFIN traded up $0.41 during mid-day trading on Wednesday, reaching $9.82. 319,845 shares of the company’s stock were exchanged, compared to its average volume of 162,788. The firm has a market capitalization of $327.91 million, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 9.89 and a beta of 1.86. Donnelley Financial Solutions has a 52 week low of $9.24 and a 52 week high of $17.69. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.38 and a quick ratio of 1.43. The firm has a 50-day moving average price of $11.10 and a two-hundred day moving average price of $12.55.

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz bought 107,128 shares of the stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $11.36 per share, for a total transaction of $1,216,974.08. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 9.63% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DFIN. FMR LLC increased its holdings in Donnelley Financial Solutions by 54.5% in the 1st quarter. FMR LLC now owns 3,771,091 shares of the company’s stock worth $56,114,000 after acquiring an additional 1,330,408 shares during the last quarter. Foundry Partners LLC increased its holdings in Donnelley Financial Solutions by 11.0% in the 2nd quarter. Foundry Partners LLC now owns 387,709 shares of the company’s stock worth $5,172,000 after acquiring an additional 38,336 shares during the last quarter. Aperio Group LLC purchased a new stake in Donnelley Financial Solutions in the 2nd quarter worth about $141,000. Comerica Bank increased its holdings in Donnelley Financial Solutions by 4.6% in the 2nd quarter. Comerica Bank now owns 219,109 shares of the company’s stock worth $2,967,000 after acquiring an additional 9,663 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Donnelley Financial Solutions by 6.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 410,062 shares of the company’s stock worth $5,470,000 after acquiring an additional 24,325 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.

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