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

Donnelley Financial Solutions (NYSE:DFIN) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $61.00.

A number of brokerages have recently commented on DFIN. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Donnelley Financial Solutions in a research report on Monday, September 21st. Finally, Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th.

Donnelley Financial Solutions Stock Up 0.6%

Donnelley Financial Solutions stock opened at $47.50 on Friday. The company has a market capitalization of $1.17 billion, a P/E ratio of 32.76 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 has a fifty-two week low of $36.11 and a fifty-two week high of $56.26. The stock has a 50-day simple moving average of $48.48 and a 200-day simple moving average of $45.84.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly 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. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The company had revenue of $224.20 million for the quarter, compared to analyst estimates of $221.40 million. During the same quarter in the previous year, the company posted $1.49 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Insider Activity

In related news, Director Joseph Leo Binz purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average price of $48.27 per share, for a total transaction of $724,050.00. Following the transaction, the director directly owned 18,924 shares of the company’s stock, valued at approximately $913,461.48. The trade was a 382.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Donnelley Financial Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. acquired a new position in shares of Donnelley Financial Solutions in the second quarter valued at approximately $29,000. Blue Trust Inc. grew its position in Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after buying an additional 336 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Donnelley Financial Solutions in the 2nd quarter valued at $34,000. LSV Asset Management increased its stake in Donnelley Financial Solutions by 117.6% in the 4th quarter. LSV Asset Management now owns 3,700 shares of the company’s stock valued at $173,000 after buying an additional 2,000 shares during the period. Finally, Amundi acquired a new position in Donnelley Financial Solutions in the 1st quarter valued at $209,000. 93.84% of the stock is owned by institutional investors and hedge funds.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software and technology-enabled services for companies and investment firms involved in public and private capital markets. Its solutions are designed to help clients prepare, manage, file and distribute financial and regulatory information while supporting compliance and investor communications.

The company’s offerings include SEC reporting and compliance software, transaction and filing services, financial communication solutions, and technology for investment companies and alternative investment managers.