Donnelley Financial Solutions (NYSE:DFIN) Receives Average Rating of “Moderate Buy” from Brokerages

Donnelley Financial Solutions (NYSE:DFIN) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $61.50.

Several brokerages have commented on DFIN. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Needham & Company LLC restated a “buy” rating and issued a $57.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, CJS Securities raised Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently modified their holdings of DFIN. Allspring Global Investments Holdings LLC lifted its holdings in shares of Donnelley Financial Solutions by 43.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 176,885 shares of the company’s stock valued at $10,937,000 after buying an additional 53,598 shares during the period. Loomis Sayles & Co. L P increased its position in Donnelley Financial Solutions by 27.0% during the second quarter. Loomis Sayles & Co. L P now owns 180,427 shares of the company’s stock valued at $11,123,000 after acquiring an additional 38,413 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Donnelley Financial Solutions in the second quarter valued at about $37,603,000. Frontier Capital Management Co. LLC boosted its position in Donnelley Financial Solutions by 5.7% in the second quarter. Frontier Capital Management Co. LLC now owns 554,828 shares of the company’s stock worth $34,205,000 after purchasing an additional 29,849 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Donnelley Financial Solutions by 4.9% in the second quarter. William Blair Investment Management LLC now owns 410,773 shares of the company’s stock worth $25,324,000 after purchasing an additional 19,261 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $39.03 on Wednesday. The firm has a fifty day simple moving average of $48.55 and a two-hundred day simple moving average of $50.47. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.35. Donnelley Financial Solutions has a twelve month low of $37.07 and a twelve month high of $67.18. The company has a market capitalization of $1.04 billion, a PE ratio of 37.17 and a beta of 0.92.

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.