Donnelley Financial Solutions (NYSE:DFIN) Given Average Rating of “Moderate Buy” by Brokerages

Donnelley Financial Solutions (NYSE:DFIN) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $59.50.

A number of equities research analysts have issued reports on DFIN shares. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. DA Davidson reduced their price target on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. raised its position in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company’s stock worth $379,000 after acquiring an additional 220 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Donnelley Financial Solutions by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 18,256 shares of the company’s stock worth $939,000 after acquiring an additional 230 shares in the last quarter. Lido Advisors LLC raised its position in shares of Donnelley Financial Solutions by 5.0% during the 4th quarter. Lido Advisors LLC now owns 4,857 shares of the company’s stock worth $244,000 after acquiring an additional 231 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Donnelley Financial Solutions by 3.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock worth $365,000 after acquiring an additional 232 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Donnelley Financial Solutions by 4.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,296 shares of the company’s stock worth $367,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock opened at $39.65 on Tuesday. The business has a 50-day moving average of $43.84 and a 200 day moving average of $46.72. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $66.25. The stock has a market capitalization of $990.33 million, a price-to-earnings ratio of 30.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.41.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Tuesday, May 5th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $205.50 million during 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%.Donnelley Financial Solutions’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. As a group, sell-side analysts forecast that Donnelley Financial Solutions will post 4.46 earnings per share for the current year.

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.