Donnelley Financial Solutions (NYSE:DFIN) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Donnelley Financial Solutions (NYSE:DFIN) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $61.00.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of Donnelley Financial Solutions in a research note on Monday, September 21st. Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th.

Donnelley Financial Solutions Stock Down 2.0%

Shares of Donnelley Financial Solutions stock opened at $54.41 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $56.33. The company has a market cap of $1.34 billion, a P/E ratio of 37.52 and a beta of 0.75. The company’s fifty day simple moving average is $49.21 and its two-hundred day simple moving average is $47.20.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $224.20 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.49 EPS. Research analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Insider Activity at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of $48.27 per share, for a total transaction of $724,050.00. Following the completion of the transaction, the director directly owned 18,924 shares of the company’s stock, valued at $913,461.48. This trade represents a 382.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at $165,182,000. Alberta Investment Management Corp bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth about $44,157,000. Rice Hall James & Associates LLC lifted its position in Donnelley Financial Solutions by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock valued at $36,771,000 after acquiring an additional 14,098 shares during the period. William Blair Investment Management LLC purchased a new position in Donnelley Financial Solutions during the 2nd quarter valued at about $26,510,000. Finally, Algert Global LLC boosted its stake in Donnelley Financial Solutions by 90.9% during the second quarter. Algert Global LLC now owns 529,983 shares of the company’s stock worth $22,233,000 after acquiring an additional 252,383 shares in the last quarter. 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, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company’s offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.