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

Donnelley Financial Solutions (NYSE:DFIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

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. “

Several other analysts have also issued reports on the stock. ValuEngine upgraded shares of Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. DA Davidson cut 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 report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.67.

NYSE DFIN traded up $0.09 during trading hours on Friday, hitting $10.02. 186,858 shares of the company’s stock traded hands, compared to its average volume of 209,322. The business’s fifty day moving average price is $9.92 and its two-hundred day moving average price is $10.78. The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $315.56 million, a P/E ratio of 11.52, a P/E/G ratio of 7.30 and a beta of 1.82. Donnelley Financial Solutions has a 52 week low of $8.89 and a 52 week high of $17.09.

In other news, Director Jeffrey Jacobowitz purchased 284,300 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $9.93 per share, for a total transaction of $2,823,099.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.63% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new position in Donnelley Financial Solutions during the 4th quarter worth about $351,000. Ancora Advisors LLC grew its holdings in Donnelley Financial Solutions by 56.2% during the 4th quarter. Ancora Advisors LLC now owns 70,573 shares of the company’s stock worth $739,000 after acquiring an additional 25,395 shares in the last quarter. Ellington Management Group LLC bought a new position in Donnelley Financial Solutions during the 4th quarter worth about $243,000. Jacobs Levy Equity Management Inc. bought a new position in Donnelley Financial Solutions during the 4th quarter worth about $2,405,000. Finally, Marshall Wace LLP grew its holdings in Donnelley Financial Solutions by 332.5% during the 4th quarter. Marshall Wace LLP now owns 499,521 shares of the company’s stock worth $5,230,000 after acquiring an additional 384,012 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

About Donnelley Financial Solutions

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.

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