Donnelley Financial Solutions (NYSE:DFIN) Upgraded at Zacks Research

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, DA Davidson cut their price objective on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $59.50.

Donnelley Financial Solutions Trading Up 1.1%

Donnelley Financial Solutions stock opened at $42.00 on Monday. The firm has a 50-day moving average price of $41.80 and a two-hundred day moving average price of $46.15. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $66.25. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 32.56 and a beta of 0.74. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.59.

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

Institutional Trading of Donnelley Financial Solutions

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Donnelley Financial Solutions by 13.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company’s stock valued at $729,000 after buying an additional 2,005 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Donnelley Financial Solutions by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,954 shares of the company’s stock worth $4,456,000 after acquiring an additional 1,674 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Donnelley Financial Solutions during the first quarter worth $2,698,000. Intech Investment Management LLC raised its position in shares of Donnelley Financial Solutions by 34.4% during the first quarter. Intech Investment Management LLC now owns 26,290 shares of the company’s stock worth $1,149,000 after purchasing an additional 6,734 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Donnelley Financial Solutions by 22.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 76,988 shares of the company’s stock valued at $4,746,000 after purchasing an additional 14,303 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

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.