Donnelley Financial Solutions (NYSE:DFIN) Hits New 12-Month Low – Here’s Why

Donnelley Financial Solutions (NYSE:DFIN)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $37.07 and last traded at $36.64, with a volume of 64107 shares traded. The stock had previously closed at $38.51.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DFIN. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, DA Davidson decreased their price target on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.50.

Donnelley Financial Solutions Stock Performance

The company has a market capitalization of $912.32 million, a P/E ratio of 28.28 and a beta of 0.74. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $45.11 and its 200-day moving average is $47.12.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $205.50 million during the quarter, compared to analyst estimates of $204.80 million. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. Donnelley Financial Solutions’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. Equities analysts anticipate that Donnelley Financial Solutions will post 4.46 EPS for the current fiscal year.

Institutional Trading of Donnelley Financial Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Simcoe Capital Management LLC increased its stake in Donnelley Financial Solutions by 14.4% during the 3rd quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock valued at $61,057,000 after purchasing an additional 149,455 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Donnelley Financial Solutions during the 3rd quarter valued at about $621,000. Alberta Investment Management Corp boosted its holdings in shares of Donnelley Financial Solutions by 75.0% during the 3rd quarter. Alberta Investment Management Corp now owns 350,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 150,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Donnelley Financial Solutions by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after acquiring an additional 49,875 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Donnelley Financial Solutions during the 3rd quarter valued at about $3,388,000. 93.84% of the stock is currently owned by 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.