Donnelley Financial Solutions (NYSE:DFIN) Stock Rating Upgraded by Zacks Research

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on DFIN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson cut their price target on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Donnelley Financial Solutions currently has an average rating of “Buy” and a consensus target price of $59.50.

Donnelley Financial Solutions Price Performance

Shares of NYSE DFIN opened at $42.00 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50-day moving average of $41.80 and a 200-day moving average of $46.15. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 32.56 and a beta of 0.74. Donnelley Financial Solutions has a fifty-two week low of $36.11 and a fifty-two week high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. Donnelley Financial Solutions had a return on equity of 24.80% and a net margin of 4.52%.The business had revenue of $205.50 million for the quarter, compared to analyst estimates of $204.80 million. During the same quarter in the prior year, the company posted $1.24 earnings per share. Donnelley Financial Solutions’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Donnelley Financial Solutions will post 4.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its stake in shares of Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after buying an additional 562,144 shares during the last quarter. Alberta Investment Management Corp raised its holdings in Donnelley Financial Solutions by 151.3% in the 4th quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock valued at $41,069,000 after acquiring an additional 529,600 shares during the period. Simcoe Capital Management LLC raised its holdings in 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 valued at $63,976,000 after acquiring an additional 263,570 shares during the period. Shapiro Capital Management LLC lifted its position in Donnelley Financial Solutions by 33.1% during the third quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock worth $36,586,000 after acquiring an additional 176,720 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Donnelley Financial Solutions by 36.0% during the fourth quarter. Royce & Associates LP now owns 590,136 shares of the company’s stock worth $27,553,000 after acquiring an additional 156,059 shares during the period. 93.84% of the stock is owned by institutional investors.

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.