Donnelley Financial Solutions (NYSE:DFIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other brokerages also recently commented on DFIN. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Needham & Company LLC lifted their target price on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Donnelley Financial Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Donnelley Financial Solutions Trading Up 1.2%

NYSE:DFIN opened at $67.67 on Friday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 13.76 and a beta of 0.75. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $69.16. The company’s 50 day moving average is $50.41 and its 200-day moving average is $47.42.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.23. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $179.90 million. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Insiders Place Their Bets

In other news, Director Joseph Leo Binz purchased 15,000 shares of the company’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 completion of the transaction, the director owned 18,924 shares of the company’s stock, valued at $913,461.48. The trade was a 382.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake 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 purchasing an additional 336 shares during the period. Farther Finance Advisors LLC increased its stake in Donnelley Financial Solutions by 330.5% in the third quarter. Farther Finance Advisors LLC now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 499 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth $29,000. Fortitude Family Office LLC acquired a new position in Donnelley Financial Solutions during the third quarter worth about $35,000. Finally, Sterling Capital Management LLC lifted its stake in Donnelley Financial Solutions by 310.5% in the 3rd quarter. Sterling Capital Management LLC now owns 743 shares of the company’s stock valued at $35,000 after purchasing an additional 562 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company’s offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.