Donnelley Financial Solutions (DFIN) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a hold rating to a buy rating in a research note released on Tuesday. The brokerage currently has $17.00 price target on the stock.
According to Zacks, “Donnelley Financial Solutions, Inc. provides software and services. It offers content creation, management and distribution, as well as data analytics and multi-lingual localization services. Donnelley Financial Solutions, Inc. is based in Chicago, United States. “
Several other research firms have also issued reports on DFIN. JPMorgan Chase & Co. lowered shares of Donnelley Financial Solutions from a neutral rating to an underweight rating in a research note on Tuesday, September 25th. ValuEngine lowered shares of Donnelley Financial Solutions from a hold rating to a sell rating in a research note on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $22.25.
Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Wednesday, November 7th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $1.31. Donnelley Financial Solutions had a net margin of 5.15% and a return on equity of 40.53%. The business had revenue of $216.90 million for the quarter, compared to analyst estimates of $218.00 million. As a group, equities research analysts predict that Donnelley Financial Solutions will post 0.4 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DFIN. Wedge Capital Management L L P NC acquired a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth about $15,542,000. Millennium Management LLC raised its position in shares of Donnelley Financial Solutions by 1,128.8% during the 2nd quarter. Millennium Management LLC now owns 757,495 shares of the company’s stock worth $13,158,000 after purchasing an additional 695,849 shares during the last quarter. BlackRock Inc. raised its position in shares of Donnelley Financial Solutions by 9.6% during the 2nd quarter. BlackRock Inc. now owns 4,808,060 shares of the company’s stock worth $83,517,000 after purchasing an additional 419,236 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Donnelley Financial Solutions by 263.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,384 shares of the company’s stock worth $9,648,000 after purchasing an additional 390,211 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Donnelley Financial Solutions by 22.1% in the 3rd quarter. American Century Companies Inc. now owns 1,676,113 shares of the company’s stock valued at $30,036,000 after acquiring an additional 303,782 shares during the last quarter. Hedge funds and other institutional investors own 89.38% of the company’s stock.
About Donnelley Financial Solutions
Donnelley Financial Solutions, Inc provides financial communications, and data and analytics services for the investment and capital markets worldwide. It offers communication tools and services to allow its clients to comply with ongoing regulatory filings; and communications services to create, manage, and deliver registration statements, prospectuses, proxies, and other communications to regulators and investors.
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