Donnelley Financial Solutions (NYSE:DFIN) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Donnelley Financial Solutions (NYSE:DFIN) has received an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $61.00.

A number of research analysts have weighed in on DFIN shares. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 11th. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, September 21st.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, Director Joseph Leo Binz purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were purchased at an average cost of $48.27 per share, with a total value of $724,050.00. Following the purchase, the director owned 18,924 shares in the company, valued at approximately $913,461.48. This represents a 382.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth about $165,182,000. Alberta Investment Management Corp acquired a new stake in shares of Donnelley Financial Solutions in the second quarter worth approximately $44,157,000. Rice Hall James & Associates LLC boosted its position in shares of Donnelley Financial Solutions by 1.8% in the first quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock worth $36,771,000 after acquiring an additional 14,098 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Donnelley Financial Solutions in the second quarter worth approximately $26,510,000. Finally, Algert Global LLC grew its holdings in Donnelley Financial Solutions by 90.9% in the second quarter. Algert Global LLC now owns 529,983 shares of the company’s stock valued at $22,233,000 after purchasing an additional 252,383 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Up 0.5%

Shares of NYSE DFIN opened at $52.09 on Tuesday. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $56.26. The firm’s 50 day moving average price is $48.66 and its 200 day moving average price is $46.08. The firm has a market cap of $1.28 billion, a P/E ratio of 35.92 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate 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%. Donnelley Financial Solutions’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. As a group, sell-side analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

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.