Donnelley Financial Solutions (NYSE:DFIN) Upgraded to “Strong-Buy” at Wall Street Zen

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other equities analysts have also weighed in on DFIN. DA Davidson cut their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $36.65 on Friday. The firm has a 50 day simple moving average of $44.91 and a 200-day simple moving average of $47.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $915.57 million, a PE ratio of 28.41 and a beta of 0.74. Donnelley Financial Solutions has a 1-year low of $36.22 and a 1-year high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $205.50 million during the quarter, compared to analyst estimates of $204.80 million. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 earnings per share. On average, equities analysts expect that Donnelley Financial Solutions will post 4.46 EPS for the current year.

Institutional Inflows and Outflows

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

Donnelley Financial Solutions Company Profile

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.