Donnelley Financial Solutions (NYSE:DFIN) Rating Lowered to “Hold” at Zacks Research

Donnelley Financial Solutions (NYSE:DFIN) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on DFIN. DA Davidson reaffirmed a “buy” rating and set a $66.00 price objective on shares of Donnelley Financial Solutions in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Donnelley Financial Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Donnelley Financial Solutions Stock Up 2.2%

Shares of NYSE DFIN opened at $53.69 on Monday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 50.18 and a beta of 0.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a 52-week low of $37.07 and a 52-week high of $66.25. The business’s 50 day moving average is $47.94 and its two-hundred day moving average is $48.63.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.30. The company had revenue of $172.50 million for the quarter, compared to analyst estimates of $155.27 million. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. Research analysts predict that Donnelley Financial Solutions will post 4.12 EPS for the current year.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 20,280 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the transaction, the insider owned 116,814 shares in the company, valued at $5,859,390.24. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently bought and sold shares of DFIN. Blue Trust Inc. boosted its stake in Donnelley Financial Solutions by 109.4% in the first quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Donnelley Financial Solutions during the third quarter worth about $52,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth about $70,000. Versant Capital Management Inc raised its holdings in Donnelley Financial Solutions by 28.9% during the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock worth $79,000 after purchasing an additional 343 shares in the last quarter. Finally, LSV Asset Management purchased a new position in Donnelley Financial Solutions during the third quarter worth about $87,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

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.