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

Zacks Research upgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on DFIN. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday. DA Davidson decreased their target price 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, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Donnelley Financial Solutions has a consensus rating of “Buy” and a consensus price target of $59.50.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $42.00 on Monday. The business’s 50-day moving average price is $41.80 and its two-hundred day moving average price is $46.15. The stock has a market cap of $1.05 billion, a PE ratio of 32.56 and a beta of 0.74. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $66.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.59.

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, topping analysts’ consensus estimates of $1.35 by $0.10. The company 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 firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. As a group, analysts expect that Donnelley Financial Solutions will post 4.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently modified their holdings of DFIN. Vanguard Group Inc. boosted its position in shares of Donnelley Financial Solutions by 2.7% during the third quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after buying an additional 49,875 shares during the last quarter. Simcoe Capital Management LLC lifted its holdings in Donnelley Financial Solutions by 14.4% in the third quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock valued at $61,057,000 after acquiring an additional 149,455 shares during the period. Alberta Investment Management Corp lifted its holdings in Donnelley Financial Solutions by 151.3% in the fourth quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock valued at $41,069,000 after acquiring an additional 529,600 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Donnelley Financial Solutions by 1.8% in the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock worth $36,771,000 after purchasing an additional 14,098 shares in the last quarter. Finally, Shapiro Capital Management LLC lifted its position in shares of Donnelley Financial Solutions by 33.1% during the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after buying an additional 176,720 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

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.