Donnelley Financial Solutions (NYSE:DFIN) Receives $61.50 Consensus Target Price from Brokerages

Shares of Donnelley Financial Solutions (NYSE:DFIN) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $61.50.

A number of equities research analysts recently weighed in on DFIN shares. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. CJS Securities raised shares of Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price target on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. Finally, DA Davidson set a $66.00 price target on Donnelley Financial Solutions in a research report on Thursday, January 8th.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several institutional investors have recently added to or reduced their stakes in DFIN. Westwood Holdings Group Inc. acquired a new position in shares of Donnelley Financial Solutions during the second quarter valued at about $37,603,000. Alliancebernstein L.P. grew its position in Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after purchasing an additional 562,144 shares during the last quarter. Royce & Associates LP increased its stake in Donnelley Financial Solutions by 156.2% during the 3rd quarter. Royce & Associates LP now owns 434,077 shares of the company’s stock valued at $22,325,000 after purchasing an additional 264,659 shares in the last quarter. Simcoe Capital Management LLC raised its holdings in shares of Donnelley Financial Solutions by 34.0% in the second quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock worth $63,976,000 after buying an additional 263,570 shares during the last quarter. Finally, Access Investment Management LLC acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth $13,518,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Up 3.1%

DFIN stock opened at $54.75 on Friday. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $69.93. The firm’s 50-day moving average is $48.05 and its 200 day moving average is $52.33. The company has a market capitalization of $1.45 billion, a PE ratio of 52.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.86 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $169.70 million. During the same period last year, the business posted $0.48 EPS. Donnelley Financial Solutions’s quarterly revenue was down 2.3% on a year-over-year basis.

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.