Donnelley Financial Solutions (NYSE:DFIN) Stock Has Average Price Target of $61.00

Donnelley Financial Solutions (NYSE:DFIN) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $61.00.

A number of research analysts have recently issued reports on DFIN shares. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Donnelley Financial Solutions in a report on Monday, September 21st. Finally, Weiss Ratings upgraded shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th.

Insiders Place Their Bets

In related news, Director Joseph Leo Binz purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $48.27 per share, with a total value of $724,050.00. Following the purchase, the director owned 18,924 shares of the company’s stock, valued at $913,461.48. This represents a 382.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently made changes to their positions in DFIN. WINTON GROUP Ltd purchased a new position in shares of Donnelley Financial Solutions in the second quarter valued at approximately $2,813,000. Engineers Gate Manager LP increased its position in shares of Donnelley Financial Solutions by 105.7% during the second quarter. Engineers Gate Manager LP now owns 27,247 shares of the company’s stock worth $1,143,000 after purchasing an additional 14,003 shares in the last quarter. Squarepoint Ops LLC raised its stake in Donnelley Financial Solutions by 72.4% in the 2nd quarter. Squarepoint Ops LLC now owns 11,255 shares of the company’s stock valued at $472,000 after purchasing an additional 4,725 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Donnelley Financial Solutions in the 2nd quarter valued at $1,225,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Donnelley Financial Solutions in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $46.97 on Friday. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $56.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.15 billion, a PE ratio of 32.40 and a beta of 0.71. The stock’s 50-day moving average price is $48.48 and its 200-day moving average price is $45.86.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The company had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $221.40 million. During the same quarter in the prior year, the firm posted $1.49 EPS. Donnelley Financial Solutions’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software and technology-enabled services for companies and investment firms involved in public and private capital markets. Its solutions are designed to help clients prepare, manage, file and distribute financial and regulatory information while supporting compliance and investor communications.

The company’s offerings include SEC reporting and compliance software, transaction and filing services, financial communication solutions, and technology for investment companies and alternative investment managers.