Donnelley Financial Solutions (NYSE:DFIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also commented on DFIN. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Donnelley Financial Solutions in a research report on Monday, September 21st. Finally, Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Donnelley Financial Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

Donnelley Financial Solutions Stock Up 3.9%

NYSE DFIN opened at $48.38 on Friday. The stock has a market cap of $1.19 billion, a PE ratio of 33.36 and a beta of 0.75. Donnelley Financial Solutions has a fifty-two week low of $36.11 and a fifty-two week high of $56.26. The business has a 50 day moving average price of $48.41 and a two-hundred day moving average price of $45.83. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data 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 analyst estimates of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 earnings per share. As a group, sell-side analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Joseph Leo Binz acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $48.27 per share, for a total transaction of $724,050.00. Following the transaction, the director directly owned 18,924 shares in the company, valued at $913,461.48. This trade represents a 382.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by insiders.

Institutional Trading of Donnelley Financial Solutions

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in Donnelley Financial Solutions by 109.4% during 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. Keating Financial Advisory Services Inc. acquired a new position in shares of Donnelley Financial Solutions during the second quarter worth approximately $29,000. Evolve Private Wealth LLC lifted its holdings in shares of Donnelley Financial Solutions by 7.9% in the 1st quarter. Evolve Private Wealth LLC now owns 9,374 shares of the company’s stock worth $442,000 after purchasing an additional 686 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Donnelley Financial Solutions in the 2nd quarter valued at $34,000. Finally, Moran Wealth Management LLC increased its stake in Donnelley Financial Solutions by 2.5% during the 1st quarter. Moran Wealth Management LLC now owns 45,493 shares of the company’s stock valued at $2,145,000 after purchasing an additional 1,098 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE:DFIN) provides software and technology-enabled services that support financial reporting, regulatory compliance, capital markets transactions and investment communications. The company serves public companies, private companies, investment firms and other organizations that need to prepare, manage and distribute business-critical financial information.

Its offerings include regulatory filing and reporting solutions, financial disclosure management software, data rooms for mergers and acquisitions, and tools for managing shareholder and investment-company communications.