Donnelley Financial Solutions (NYSE:DFIN) Rating Increased to Strong-Buy 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 report published on Saturday.

DFIN has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 1st. DA Davidson set a $70.00 price target on Donnelley Financial Solutions in a report on Friday, October 24th. Finally, Needham & Company LLC reduced their price objective on Donnelley Financial Solutions from $72.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.50.

Donnelley Financial Solutions Price Performance

DFIN opened at $45.81 on Friday. Donnelley Financial Solutions has a 12-month low of $37.80 and a 12-month high of $69.93. The stock has a fifty day simple moving average of $49.22 and a two-hundred day simple moving average of $54.53. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 43.63 and a beta of 0.90.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Wednesday, October 29th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.29. The company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $169.70 million. Donnelley Financial Solutions had a net margin of 4.33% and a return on equity of 22.46%. Donnelley Financial Solutions’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several large investors have recently added to or reduced their stakes in DFIN. Caitong International Asset Management Co. Ltd increased its position in shares of Donnelley Financial Solutions by 1,107.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock valued at $31,000 after purchasing an additional 465 shares during the last quarter. CWM LLC boosted its stake in Donnelley Financial Solutions by 53.7% during the second quarter. CWM LLC now owns 690 shares of the company’s stock worth $43,000 after buying an additional 241 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Donnelley Financial Solutions during the third quarter worth $52,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Donnelley Financial Solutions during the first quarter valued at $43,000. Finally, SVB Wealth LLC purchased a new stake in shares of Donnelley Financial Solutions in the first quarter valued at $49,000. 93.84% of the stock is owned by institutional investors.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).