Donnelley Financial Solutions (NYSE:DFIN) Downgraded to “Buy” Rating by Wall Street Zen

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

A number of other analysts also recently commented on the stock. DA Davidson decreased their price objective 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. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.50.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $40.62 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 31.48 and a beta of 0.74. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $66.25. The business has a fifty day moving average of $42.19 and a two-hundred day moving average of $46.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.41 and a current ratio of 1.41.

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

Institutional Investors Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently made changes to their positions in DFIN. Blue Trust Inc. grew its stake in Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after acquiring an additional 336 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Donnelley Financial Solutions during the 4th quarter valued at about $70,000. Wealth Enhancement Advisory Services LLC raised its position in Donnelley Financial Solutions by 117.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,106 shares of the company’s stock worth $98,000 after acquiring an additional 1,138 shares during the last quarter. BNP Paribas Financial Markets raised its position in Donnelley Financial Solutions by 64.0% during the second quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock worth $183,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in shares of Donnelley Financial Solutions in the third quarter valued at about $160,000. 93.84% of the stock is currently owned by hedge funds and other 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.