Donnelley Financial Solutions (NYSE:DFIN) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a buy rating to a strong-buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Donnelley Financial Solutions in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $46.64 on Friday. The stock has a 50-day simple moving average of $48.45 and a two-hundred day simple moving average of $45.84. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $56.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $1.15 billion, a PE ratio of 32.17 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $224.20 million for the quarter, compared to the consensus estimate of $221.40 million. During the same quarter last year, the company earned $1.49 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts forecast that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Insider Activity

In other Donnelley Financial Solutions news, Director Joseph Leo Binz bought 5,780 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $47.75 per share, for a total transaction of $275,995.00. Following the completion of the transaction, the director owned 24,704 shares of the company’s stock, valued at $1,179,616. This trade represents a 30.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Donnelley Financial Solutions during the 2nd quarter valued at approximately $165,182,000. Alberta Investment Management Corp purchased a new position in shares of Donnelley Financial Solutions in the second quarter worth $44,157,000. Rice Hall James & Associates LLC lifted its holdings in shares of Donnelley Financial Solutions by 1.8% in the first quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock worth $36,771,000 after buying an additional 14,098 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Donnelley Financial Solutions during the second quarter worth $26,510,000. Finally, Algert Global LLC boosted its position in shares of Donnelley Financial Solutions by 90.9% during the second quarter. Algert Global LLC now owns 529,983 shares of the company’s stock worth $22,233,000 after acquiring an additional 252,383 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc (NYSE:DFIN) provides software and technology-enabled services that support financial reporting, regulatory compliance, capital markets transactions and investment communications. The company serves public companies, private companies, investment firms and other organizations that need to prepare, manage and distribute business-critical financial information.

Its offerings include regulatory filing and reporting solutions, financial disclosure management software, data rooms for mergers and acquisitions, and tools for managing shareholder and investment-company communications.