Donnelley Financial Solutions (NYSE:DFIN) Hits New 52-Week High at $35.81

Donnelley Financial Solutions, Inc. (NYSE:DFIN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $35.81 and last traded at $35.72, with a volume of 6976 shares trading hands. The stock had previously closed at $34.67.

DFIN has been the subject of a number of recent analyst reports. B. Riley boosted their target price on shares of Donnelley Financial Solutions from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 5th. Zacks Investment Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Wednesday, August 11th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Donnelley Financial Solutions currently has a consensus rating of “Buy” and a consensus target price of $32.25.

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.39 and a quick ratio of 1.37. The firm has a fifty day moving average of $33.02 and a two-hundred day moving average of $30.94. The stock has a market capitalization of $1.20 billion, a P/E ratio of 24.76 and a beta of 2.14.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, August 4th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.46. The firm had revenue of $267.50 million during the quarter, compared to the consensus estimate of $234.20 million. Donnelley Financial Solutions had a return on equity of 17.63% and a net margin of 5.30%. As a group, sell-side analysts forecast that Donnelley Financial Solutions, Inc. will post 3.5 EPS for the current fiscal year.

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 31,822 shares of the business’s stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $33.83, for a total value of $1,076,538.26. Following the completion of the transaction, the chief executive officer now directly owns 476,791 shares in the company, valued at $16,129,839.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of DFIN. Point72 Hong Kong Ltd boosted its position in Donnelley Financial Solutions by 1,088.2% in the first quarter. Point72 Hong Kong Ltd now owns 1,212 shares of the company’s stock valued at $34,000 after buying an additional 1,110 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Donnelley Financial Solutions in the first quarter valued at approximately $44,000. Lazard Asset Management LLC purchased a new stake in Donnelley Financial Solutions in the second quarter valued at approximately $51,000. Advisor Group Holdings Inc. boosted its position in Donnelley Financial Solutions by 365.1% in the second quarter. Advisor Group Holdings Inc. now owns 2,479 shares of the company’s stock valued at $83,000 after buying an additional 1,946 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its position in Donnelley Financial Solutions by 233.3% in the first quarter. Altshuler Shaham Ltd now owns 3,073 shares of the company’s stock valued at $86,000 after buying an additional 2,151 shares during the last quarter. Hedge funds and other institutional investors own 88.36% of the company’s stock.

Donnelley Financial Solutions Company Profile (NYSE:DFIN)

Donnelley Financial Solutions, Inc engages in the provision of compliance and technology solutions. It operates through the United States and International segments. The United States segment comprises capital markets, investment markets, and language solutions and other. The International segment focuses on working with international investment market clients on capital market offerings and regulatory compliance related activities within the United States.

See Also: How does inflation affect different investments?

Receive News & Ratings for Donnelley Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donnelley Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.