Donnelley Financial Solutions (NYSE:DFIN) Earns Buy Rating from DA Davidson

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a research note issued on Wednesday,Benzinga reports. They currently have a $66.00 price target on the stock. DA Davidson’s price target suggests a potential upside of 36.19% from the company’s current price.

DFIN has been the topic of a number of other research reports. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. Needham & Company LLC reissued a “buy” rating and issued a $57.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. Finally, CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Stock Performance

DFIN stock opened at $48.46 on Wednesday. Donnelley Financial Solutions has a 1-year low of $37.07 and a 1-year high of $66.25. The company has a current ratio of 1.06, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.24 billion, a PE ratio of 45.29 and a beta of 0.92. The business’s 50-day moving average price is $48.49 and its two-hundred day moving average price is $50.30.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.30. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The company had revenue of $172.50 million for the quarter, compared to analyst estimates of $155.27 million. During the same quarter last year, the firm posted $0.40 earnings per share. Donnelley Financial Solutions’s revenue was up 10.4% compared to the same quarter last year.

Institutional Investors Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in Donnelley Financial Solutions by 1,107.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock worth $31,000 after buying an additional 465 shares during the last quarter. CWM LLC increased its stake in shares of Donnelley Financial Solutions by 53.7% during the 2nd quarter. CWM LLC now owns 690 shares of the company’s stock worth $43,000 after purchasing an additional 241 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth about $52,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at about $70,000. Finally, Versant Capital Management Inc lifted its stake in Donnelley Financial Solutions by 28.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock valued at $79,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

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.