Donnelley Financial Solutions (NYSE:DFIN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Donnelley Financial Solutions (NYSE:DFIN) have been given a consensus recommendation of “Buy” by the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $61.50.

DFIN has been the subject of a number of research reports. CJS Securities upgraded shares of Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research upgraded shares of Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. DA Davidson restated a “buy” rating and issued a $66.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday, February 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $49.92 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a fifty day moving average price of $47.60 and a 200 day moving average price of $48.73. Donnelley Financial Solutions has a fifty-two week low of $37.07 and a fifty-two week high of $66.25. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 46.65 and a beta of 0.87.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.30. Donnelley Financial Solutions had a net margin of 4.22% and a return on equity of 23.88%. The firm had revenue of $172.50 million during the quarter, compared to analyst estimates of $155.27 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. Donnelley Financial Solutions’s revenue for the quarter was up 10.4% on a year-over-year basis.

Insider Buying and Selling

In related news, insider Eric J. Johnson sold 20,280 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the transaction, the insider owned 116,814 shares of the company’s stock, valued at $5,859,390.24. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DFIN. Westwood Holdings Group Inc. purchased a new position in Donnelley Financial Solutions in the 2nd quarter worth about $37,603,000. Alliancebernstein L.P. increased its position in Donnelley Financial Solutions by 1,842.6% during 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 during the period. Alberta Investment Management Corp increased its position in Donnelley Financial Solutions by 151.3% during the 4th quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock valued at $41,069,000 after purchasing an additional 529,600 shares during the period. Royce & Associates LP increased its position in Donnelley Financial Solutions by 156.2% during the 3rd quarter. Royce & Associates LP now owns 434,077 shares of the company’s stock valued at $22,325,000 after purchasing an additional 264,659 shares during the period. Finally, Simcoe Capital Management LLC increased its position in Donnelley Financial Solutions by 34.0% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock valued at $63,976,000 after purchasing an additional 263,570 shares during the period. 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.