Donnelley Financial Solutions (NYSE:DFIN) Sets New 52-Week High – What’s Next?

Donnelley Financial Solutions (NYSE:DFIN) hit a new 52-week high during mid-day trading on Friday. The company traded as high as $56.33 and last traded at $55.1910, with a volume of 23,112 shares. The stock had previously closed at $55.99.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DFIN shares. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Donnelley Financial Solutions in a research report on Monday, September 21st. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Donnelley Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Donnelley Financial Solutions Price Performance

The stock’s 50-day simple moving average is $49.00 and its 200 day simple moving average is $46.22. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 38.38 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The company had revenue of $224.20 million during the quarter, compared to analyst estimates of $221.40 million. During the same quarter last year, the firm posted $1.49 earnings per share. Donnelley Financial Solutions’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In related news, Director Joseph Leo Binz acquired 15,000 shares of the firm’s stock in a transaction dated 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 acquisition, the director owned 18,924 shares in the company, valued at $913,461.48. The trade was a 382.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DFIN. Sterling Capital Management LLC lifted its stake in Donnelley Financial Solutions by 310.5% during the third quarter. Sterling Capital Management LLC now owns 743 shares of the company’s stock worth $35,000 after purchasing an additional 562 shares in the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of Donnelley Financial Solutions during the third quarter worth $212,000. Nisa Investment Advisors LLC grew its stake in shares of Donnelley Financial Solutions by 78.1% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $51,000 after buying an additional 478 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at $35,000. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Donnelley Financial Solutions by 5.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 10,640 shares of the company’s stock valued at $534,000 after buying an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company’s offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.