Donnelley Financial Solutions (NYSE:DFIN) Shares Gap Up – What’s Next?

Donnelley Financial Solutions (NYSE:DFIN)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $49.28, but opened at $51.69. Donnelley Financial Solutions shares last traded at $51.8910, with a volume of 7,412 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DFIN shares. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of Donnelley Financial Solutions in a report on Monday, September 21st. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.00.

Donnelley Financial Solutions Trading Up 0.9%

The stock has a 50 day moving average price of $48.48 and a 200-day moving average price of $46.01. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.27 billion, a PE ratio of 35.71 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 earnings per share. Sell-side analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Insider Transactions at Donnelley Financial Solutions

In related news, Director Joseph Leo Binz bought 5,780 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $47.75 per share, with a total value of $275,995.00. Following the completion of the purchase, the director owned 24,704 shares of the company’s stock, valued at $1,179,616. This trade represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds have recently made changes to their positions in DFIN. WINTON GROUP Ltd purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $2,813,000. Bank of New York Mellon Corp purchased a new stake in Donnelley Financial Solutions in the second quarter valued at $5,935,000. Bank of America Corp DE acquired a new stake in Donnelley Financial Solutions in the 2nd quarter valued at approximately $5,608,000. BlackRock Inc. acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth about $165,182,000. Finally, Legal & General Group Plc purchased a new position in Donnelley Financial Solutions in the second quarter valued at $2,340,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc (NYSE:DFIN) provides software and technology-enabled services that support financial reporting, regulatory compliance, capital markets transactions and investment communications. The company serves public companies, private companies, investment firms and other organizations that need to prepare, manage and distribute business-critical financial information.

Its offerings include regulatory filing and reporting solutions, financial disclosure management software, data rooms for mergers and acquisitions, and tools for managing shareholder and investment-company communications.