Donnelley Financial Solutions (NYSE:DFIN) Reaches New 52-Week High – Here’s What Happened

Donnelley Financial Solutions (NYSE:DFIN) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $70.03 and last traded at $70.3750, with a volume of 10,567 shares changing hands. The stock had previously closed at $68.14.

Wall Street Analysts Forecast Growth

DFIN has been the subject of several research analyst reports. Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Needham & Company LLC boosted their target price on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. DA Davidson upped their price target on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $74.00.

Donnelley Financial Solutions Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 18.89 and a beta of 0.65. The stock has a fifty day moving average of $50.82 and a 200 day moving average of $47.50.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.23. Donnelley Financial Solutions had a return on equity of 26.70% and a net margin of 12.37%. The firm had revenue of $185.00 million for the quarter, compared to analyst estimates of $179.90 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Donnelley Financial Solutions’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Joseph Leo Binz acquired 5,780 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of $47.75 per share, for a total transaction of $275,995.00. Following the purchase, the director owned 24,704 shares in the company, valued at approximately $1,179,616. The trade was a 30.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in DFIN. BlackRock Inc. acquired a new position in Donnelley Financial Solutions during the second quarter valued at $165,182,000. Alberta Investment Management Corp purchased a new stake in Donnelley Financial Solutions in the second quarter valued at $44,157,000. Rice Hall James & Associates LLC boosted its holdings in 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 valued at $36,771,000 after purchasing an additional 14,098 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $26,510,000. Finally, Algert Global LLC grew its position in Donnelley Financial Solutions by 90.9% during the 2nd quarter. Algert Global LLC now owns 529,983 shares of the company’s stock worth $22,233,000 after purchasing an additional 252,383 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company’s offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.