Donnelley Financial Solutions (NYSE:DFIN) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Donnelley Financial Solutions (NYSE:DFIN) from a strong-buy rating to a buy rating in a research note released on Sunday morning,Wall Street Zen reports.

A number of other analysts also recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price target on shares of Donnelley Financial Solutions in a report on Monday, September 21st. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. One equities 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Donnelley Financial Solutions Trading Up 3.0%

NYSE:DFIN opened at $50.17 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 debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s fifty day moving average is $48.43 and its 200-day moving average is $45.96. The firm has a market cap of $1.23 billion, a P/E ratio of 12.61 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN) last announced its 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. The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. Donnelley Financial Solutions’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 earnings per share. Equities analysts expect that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Insider Activity

In other Donnelley Financial Solutions news, Director Joseph Leo Binz purchased 15,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average price of $48.27 per share, with a total value of $724,050.00. Following the transaction, the director owned 18,924 shares in the company, valued at $913,461.48. This trade represents a 382.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in DFIN. BlackRock Inc. bought a new stake in Donnelley Financial Solutions in the 2nd quarter worth about $165,182,000. Alberta Investment Management Corp purchased a new stake in Donnelley Financial Solutions during the second quarter worth about $44,157,000. Rice Hall James & Associates LLC bought a new stake in Donnelley Financial Solutions in the second quarter worth about $32,516,000. William Blair Investment Management LLC bought a new stake in Donnelley Financial Solutions in the second quarter worth about $26,510,000. Finally, Algert Global LLC raised its position in Donnelley Financial Solutions by 90.9% in 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 period. 93.84% of the stock is owned by 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.