Donnelley Financial Solutions’ (DFIN) Buy Rating Reiterated at Needham & Company LLC

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $57.00 price objective on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 7.88% from the company’s current price.

A number of other analysts also recently issued reports on DFIN. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. DA Davidson set a $66.00 price objective on shares of Donnelley Financial Solutions in a report on Thursday, January 8th. CJS Securities raised shares of Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Stock Up 2.1%

DFIN stock opened at $52.84 on Wednesday. Donnelley Financial Solutions has a one year low of $37.80 and a one year high of $69.93. The firm has a market cap of $1.40 billion, a PE ratio of 50.32 and a beta of 0.90. The firm’s 50 day moving average price is $47.06 and its 200-day moving average price is $52.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.13.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.29. Donnelley Financial Solutions had a return on equity of 22.46% and a net margin of 4.33%.The company had revenue of $175.30 million during the quarter, compared to analyst estimates of $169.70 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year.

Institutional Trading of Donnelley Financial Solutions

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Donnelley Financial Solutions by 1,107.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock valued at $31,000 after purchasing an additional 465 shares during the period. CWM LLC raised its position in Donnelley Financial Solutions by 53.7% in the 2nd quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after purchasing an additional 241 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Donnelley Financial Solutions in the 3rd quarter valued at about $52,000. Versant Capital Management Inc boosted its stake in shares of Donnelley Financial Solutions by 28.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock valued at $79,000 after buying an additional 343 shares during the period. Finally, LSV Asset Management acquired a new position in shares of Donnelley Financial Solutions during the third quarter worth about $87,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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.