Brokerages Set Donnelley Financial Solutions (NYSE:DFIN) Target Price at $59.50

Shares of Donnelley Financial Solutions (NYSE:DFIN) have been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $59.50.

DFIN has been the subject of several recent analyst reports. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. DA Davidson cut their target price on 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFIN. Blue Trust Inc. increased its stake in Donnelley Financial Solutions by 109.4% during the first quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Donnelley Financial Solutions during the fourth quarter worth $70,000. LSV Asset Management purchased a new position in shares of Donnelley Financial Solutions during the third quarter worth $87,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Donnelley Financial Solutions by 117.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,106 shares of the company’s stock worth $98,000 after buying an additional 1,138 shares during the period. Finally, Vestcor Inc purchased a new position in shares of Donnelley Financial Solutions during the third quarter worth $160,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $39.19 on Tuesday. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $66.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $978.94 million, a PE ratio of 30.38 and a beta of 0.74. The stock has a 50 day moving average price of $43.10 and a 200 day moving average price of $46.47.

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

About Donnelley Financial Solutions

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.