Donnelley Financial Solutions’ (DFIN) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a report released on Friday,Benzinga reports. The brokerage currently has a $66.00 target price on the stock.

DFIN has been the topic of a number of other reports. CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Needham & Company LLC restated 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, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.50.

Donnelley Financial Solutions Trading Up 0.2%

DFIN opened at $51.84 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $49.11 and its two-hundred day simple moving average is $51.73. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 49.37 and a beta of 0.92. Donnelley Financial Solutions has a 1-year low of $37.80 and a 1-year high of $69.93.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Donnelley Financial Solutions by 13.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company’s stock worth $729,000 after buying an additional 2,005 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Donnelley Financial Solutions by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,954 shares of the company’s stock valued at $4,456,000 after buying an additional 1,674 shares in the last quarter. Jane Street Group LLC acquired a new position in Donnelley Financial Solutions during the first quarter worth about $2,698,000. Intech Investment Management LLC increased its stake in shares of Donnelley Financial Solutions by 34.4% during the 1st quarter. Intech Investment Management LLC now owns 26,290 shares of the company’s stock worth $1,149,000 after purchasing an additional 6,734 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Donnelley Financial Solutions by 3.1% during the second quarter. State of Alaska Department of Revenue now owns 15,173 shares of the company’s stock worth $934,000 after buying an additional 462 shares in the last quarter. 93.84% of the stock is 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.