Donnelley Financial Solutions (NYSE:DFIN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Donnelley Financial Solutions (NYSE:DFIN) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $59.50.

A number of research analysts have recently commented on DFIN shares. Wall Street Zen cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. DA Davidson cut their price target on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th.

Insider Activity at Donnelley Financial Solutions

In other news, insider Eric J. Johnson sold 20,280 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the transaction, the insider directly owned 116,814 shares in the company, valued at approximately $5,859,390.24. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DFIN. Alliancebernstein L.P. grew its holdings in shares of Donnelley Financial Solutions by 1,842.6% in the second quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after purchasing an additional 562,144 shares during the last quarter. Alberta Investment Management Corp grew its holdings in shares of Donnelley Financial Solutions by 151.3% in the fourth quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock worth $41,069,000 after purchasing an additional 529,600 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Donnelley Financial Solutions by 156.2% in the third quarter. Royce & Associates LP now owns 434,077 shares of the company’s stock worth $22,325,000 after purchasing an additional 264,659 shares during the last quarter. Simcoe Capital Management LLC grew its holdings in Donnelley Financial Solutions by 34.0% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock worth $63,976,000 after acquiring an additional 263,570 shares in the last quarter. Finally, Shapiro Capital Management LLC grew its holdings in Donnelley Financial Solutions by 33.1% during the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock worth $36,586,000 after acquiring an additional 176,720 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Up 1.1%

Shares of NYSE DFIN opened at $39.78 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $993.70 million, a P/E ratio of 30.84 and a beta of 0.83. Donnelley Financial Solutions has a 1 year low of $37.07 and a 1 year high of $66.25. The firm has a 50-day simple moving average of $45.81 and a two-hundred day simple moving average of $47.37.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.10. The business had revenue of $205.50 million during the quarter, compared to the consensus estimate of $204.80 million. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. Research analysts anticipate that Donnelley Financial Solutions will post 4.46 earnings per share for the current year.

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.