Donnelley Financial Solutions (NYSE:DFIN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Donnelley Financial Solutions (NYSE:DFIN) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $61.00.

A number of analysts have commented on the company. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Donnelley Financial Solutions in a report on Monday.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $49.04 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 33.82 and a beta of 0.71. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $48.57 and a 200 day moving average of $45.87. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $56.26.

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, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $224.20 million during 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 firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 EPS. As a group, equities research analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joseph Leo Binz purchased 5,780 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were purchased at an average price of $47.75 per share, with a total value of $275,995.00. Following the acquisition, the director directly owned 24,704 shares in the company, valued at $1,179,616. The trade was a 30.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DFIN. BlackRock Inc. bought a new position in Donnelley Financial Solutions during the second quarter valued at approximately $165,182,000. Alberta Investment Management Corp purchased a new stake in Donnelley Financial Solutions in the second quarter worth approximately $44,157,000. Rice Hall James & Associates LLC grew its position in 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 during the period. William Blair Investment Management LLC bought a new stake in Donnelley Financial Solutions in the 2nd quarter worth approximately $26,510,000. Finally, Algert Global LLC raised its stake in Donnelley Financial Solutions by 90.9% during the 2nd quarter. Algert Global LLC now owns 529,983 shares of the company’s stock valued at $22,233,000 after buying an additional 252,383 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software and technology-enabled services for companies and investment firms involved in public and private capital markets. Its solutions are designed to help clients prepare, manage, file and distribute financial and regulatory information while supporting compliance and investor communications.

The company’s offerings include SEC reporting and compliance software, transaction and filing services, financial communication solutions, and technology for investment companies and alternative investment managers.