Brokerages Set Donnelley Financial Solutions (NYSE:DFIN) Price Target at $61.00

Shares of Donnelley Financial Solutions (NYSE:DFIN) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $61.00.

A number of research firms recently weighed in on DFIN. Needham & Company LLC boosted their price target on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th.

Insider Activity at Donnelley Financial Solutions

In related news, Director Joseph Leo Binz bought 5,780 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were purchased at an average price of $47.75 per share, with a total value of $275,995.00. Following the completion of the purchase, the director owned 24,704 shares of the company’s stock, valued at $1,179,616. This represents a 30.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. bought a new position in Donnelley Financial Solutions during the second quarter worth about $29,000. Blue Trust Inc. increased its holdings in shares of Donnelley Financial Solutions by 109.4% in the first quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after acquiring an additional 336 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth about $70,000. Finally, Vestcor Inc acquired a new stake in shares of Donnelley Financial Solutions during the third quarter worth about $160,000. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $50.89 on Monday. The business’s 50-day simple moving average is $47.68 and its 200 day simple moving average is $45.95. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 35.10 and a beta of 0.71. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $57.37.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $224.20 million for 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%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 EPS. As a group, research analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Donnelley Financial Solutions Company Profile

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.