Donnelley Financial Solutions (NYSE:DFIN) Shares Gap Down – Should You Sell?

Shares of Donnelley Financial Solutions (NYSE:DFIN) gapped down before the market opened on Wednesday . The stock had previously closed at $51.54, but opened at $47.30. Donnelley Financial Solutions shares last traded at $46.68, with a volume of 4,035 shares changing hands.

Analysts Set New Price Targets

DFIN has been the subject of several research analyst reports. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. CJS Securities raised Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Needham & Company LLC restated a “buy” rating and set a $57.00 target price on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Stock Up 1.8%

The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 45.78 and a beta of 0.92. The business has a fifty day moving average of $49.18 and a 200 day moving average of $51.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in Donnelley Financial Solutions by 1,107.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock worth $31,000 after buying an additional 465 shares in the last quarter. CWM LLC grew its holdings in shares of Donnelley Financial Solutions by 53.7% during the 2nd quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after acquiring an additional 241 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Donnelley Financial Solutions during the 3rd quarter valued at about $52,000. Versant Capital Management Inc grew its position in Donnelley Financial Solutions by 28.9% during the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock worth $79,000 after buying an additional 343 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Donnelley Financial Solutions by 48.5% during the second quarter. Huntington National Bank now owns 1,584 shares of the company’s stock valued at $98,000 after purchasing an additional 517 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

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.