Donnelley Financial Solutions (NYSE:DFIN) Given “Buy” Rating at DA Davidson

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a research note issued to investors on Friday,Benzinga reports. They presently have a $66.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 27.09% from the stock’s current price.

A number of other research firms have also issued reports on DFIN. Needham & Company LLC reissued a “buy” rating and issued a $57.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. Finally, Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. One research 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 stock. According to data from MarketBeat, Donnelley Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $61.50.

Donnelley Financial Solutions Price Performance

NYSE:DFIN traded up $0.20 during trading hours on Friday, hitting $51.93. 49,055 shares of the stock were exchanged, compared to its average volume of 197,910. Donnelley Financial Solutions has a 52-week low of $37.80 and a 52-week high of $69.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $49.01 and its 200 day moving average price is $51.94. The company has a market cap of $1.38 billion, a P/E ratio of 49.46 and a beta of 0.90.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Wednesday, October 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.29. Donnelley Financial Solutions had a return on equity of 22.46% and a net margin of 4.33%.The company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $169.70 million. During the same period in the prior year, the business earned $0.48 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently modified their holdings of DFIN. Vanguard Group Inc. raised its position in Donnelley Financial Solutions by 2.7% during the third quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after purchasing an additional 49,875 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Donnelley Financial Solutions by 8.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company’s stock worth $63,634,000 after acquiring an additional 91,494 shares during the period. Simcoe Capital Management LLC boosted its position in shares of Donnelley Financial Solutions by 14.4% in the third quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock valued at $61,057,000 after acquiring an additional 149,455 shares during the period. Shapiro Capital Management LLC raised its position in Donnelley Financial Solutions by 33.1% during the third quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after purchasing an additional 176,720 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new position in shares of Donnelley Financial Solutions in the second quarter worth approximately $37,603,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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.