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

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research note issued on Friday,Benzinga reports. They currently have a $66.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 27.09% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. CJS Securities raised shares of Donnelley Financial Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and set a $57.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN traded up $0.20 during midday trading on Friday, hitting $51.93. The company had a trading volume of 49,055 shares, compared to its average volume of 197,910. The business’s 50-day simple moving average is $49.01 and its 200-day simple moving average is $51.94. Donnelley Financial Solutions has a twelve month low of $37.80 and a twelve month high of $69.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 49.46 and a beta of 0.90.

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

Institutional Inflows and Outflows

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

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.