Donnelley Financial Solutions (NYSE:DFIN) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Donnelley Financial Solutions (NYSE:DFIN) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Several other analysts also recently issued reports on DFIN. DA Davidson set a $66.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday. Finally, CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Donnelley Financial Solutions has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Donnelley Financial Solutions Stock Up 0.2%

NYSE DFIN opened at $55.28 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $47.59 and a two-hundred day moving average of $52.51. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 52.64 and a beta of 0.90. Donnelley Financial Solutions has a 52 week low of $37.80 and a 52 week high of $69.93.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Wednesday, October 29th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.29. Donnelley Financial Solutions had a net margin of 4.33% and a return on equity of 22.46%. The business had revenue of $175.30 million for the quarter, compared to the consensus estimate of $169.70 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. purchased a new stake in Donnelley Financial Solutions in the second quarter worth about $37,603,000. Alliancebernstein L.P. raised its holdings in shares of Donnelley Financial Solutions by 1,842.6% in the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after purchasing an additional 562,144 shares in the last quarter. Royce & Associates LP lifted its position in shares of Donnelley Financial Solutions by 156.2% in the 3rd quarter. Royce & Associates LP now owns 434,077 shares of the company’s stock worth $22,325,000 after purchasing an additional 264,659 shares during the period. Simcoe Capital Management LLC lifted its position in shares of Donnelley Financial Solutions by 34.0% in the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock worth $63,976,000 after purchasing an additional 263,570 shares during the period. Finally, Access Investment Management LLC bought a new position in shares of Donnelley Financial Solutions during the second quarter valued at approximately $13,518,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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.