Zacks Research Downgrades Donnelley Financial Solutions (NYSE:DFIN) to Hold

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

A number of other analysts have also recently issued reports on DFIN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, DA Davidson reduced 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 note on Wednesday, May 6th. One investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.50.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $51.33 on Tuesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 39.79 and a beta of 0.72. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $65.26. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $42.74 and a 200 day simple moving average of $46.25.

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

Institutional Trading of Donnelley Financial Solutions

Large investors have recently modified their holdings of the company. UBS Group AG raised its holdings in Donnelley Financial Solutions by 188.1% in the 4th quarter. UBS Group AG now owns 134,365 shares of the company’s stock worth $6,274,000 after acquiring an additional 87,730 shares during the period. William Blair Investment Management LLC boosted its holdings in Donnelley Financial Solutions by 8.6% during the fourth quarter. William Blair Investment Management LLC now owns 518,833 shares of the company’s stock valued at $24,224,000 after acquiring an additional 40,968 shares during the period. Fifth Third Bancorp boosted its holdings in Donnelley Financial Solutions by 13,834.6% during the first quarter. Fifth Third Bancorp now owns 21,738 shares of the company’s stock valued at $1,025,000 after acquiring an additional 21,582 shares during the period. Royce & Associates LP grew its position in shares of Donnelley Financial Solutions by 36.0% in the fourth quarter. Royce & Associates LP now owns 590,136 shares of the company’s stock valued at $27,553,000 after purchasing an additional 156,059 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Donnelley Financial Solutions in the first quarter valued at about $556,000. 93.84% of the stock is owned by 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.