Donnelley Financial Solutions (NYSE:DFIN) Upgraded to Buy by Zacks Investment Research

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The brokerage currently has a $10.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 8.70% from the company’s previous close.

According to Zacks, “Donnelley Financial Solutions, Inc. provides software and services. It offers content creation, management and distribution, as well as data analytics and multi-lingual localization services. Donnelley Financial Solutions, Inc. is based in Chicago, United States. “

DFIN has been the subject of several other research reports. DA Davidson lowered their target price on shares of Donnelley Financial Solutions from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. ValuEngine raised shares of Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, B. Riley started coverage on shares of Donnelley Financial Solutions in a research note on Wednesday, October 16th. They issued a “buy” rating and a $16.00 target price for the company. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $15.67.

NYSE DFIN traded down $0.05 during trading hours on Monday, hitting $9.20. The company’s stock had a trading volume of 207,300 shares, compared to its average volume of 207,819. The stock has a fifty day moving average of $9.97 and a 200 day moving average of $10.86. Donnelley Financial Solutions has a twelve month low of $8.89 and a twelve month high of $17.09. The firm has a market capitalization of $317.27 million, a P/E ratio of 10.57, a PEG ratio of 7.34 and a beta of 1.82. The company has a quick ratio of 1.31, a current ratio of 1.38 and a debt-to-equity ratio of 1.61.

In other news, Director Jeffrey Jacobowitz bought 284,300 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $9.93 per share, with a total value of $2,823,099.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.63% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of DFIN. Nisa Investment Advisors LLC increased its position in shares of Donnelley Financial Solutions by 78.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,650 shares of the company’s stock worth $38,000 after acquiring an additional 1,600 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Donnelley Financial Solutions by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 14,515 shares of the company’s stock worth $179,000 after acquiring an additional 1,141 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth $208,000. Crossmark Global Holdings Inc. bought a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth $219,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Donnelley Financial Solutions during the second quarter worth $243,000. 94.12% of the stock is owned by institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.

Further Reading: What is a capital gain?

Get a free copy of the Zacks research report on Donnelley Financial Solutions (DFIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Donnelley Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donnelley Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.