Donnelley Financial Solutions (NYSE:DFIN) Hits New 52-Week High – Still a Buy?

Shares of Donnelley Financial Solutions (NYSE:DFIN) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $70.03 and last traded at $70.3750, with a volume of 10,567 shares. The stock had previously closed at $68.14.

Wall Street Analysts Forecast Growth

DFIN has been the subject of several recent research reports. Needham & Company LLC boosted their price target on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. DA Davidson increased their target price on shares of Donnelley Financial Solutions from $62.00 to $76.00 and gave the stock a “buy” rating in a report on Monday. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Donnelley Financial Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Donnelley Financial Solutions Price Performance

The company has a market cap of $1.64 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.10 and a beta of 0.65. The business has a 50 day moving average of $51.66 and a 200 day moving average of $47.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.23. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. The business had revenue of $185.00 million for the quarter, compared to the consensus estimate of $179.90 million. During the same period in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Insider Activity

In related news, Director Joseph Leo Binz bought 5,780 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were purchased at an average price of $47.75 per share, with a total value of $275,995.00. Following the purchase, the director owned 24,704 shares of the company’s stock, valued at approximately $1,179,616. This trade represents a 30.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kami Turner sold 12,100 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $67.06, for a total transaction of $811,426.00. Following the transaction, the chief accounting officer owned 50,314 shares in the company, valued at $3,374,056.84. This represents a 19.39% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 102,146 shares of company stock valued at $6,898,176. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System purchased a new stake in shares of Donnelley Financial Solutions in the third quarter worth $263,000. Ritholtz Wealth Management raised its position in shares of Donnelley Financial Solutions by 11.9% in the 3rd quarter. Ritholtz Wealth Management now owns 9,602 shares of the company’s stock worth $453,000 after purchasing an additional 1,018 shares during the last quarter. Lido Advisors LLC raised its position in shares of Donnelley Financial Solutions by 22.6% in the 3rd quarter. Lido Advisors LLC now owns 9,042 shares of the company’s stock worth $427,000 after purchasing an additional 1,666 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Donnelley Financial Solutions by 495.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,327 shares of the company’s stock worth $5,809,000 after purchasing an additional 101,794 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in Donnelley Financial Solutions in the 3rd quarter worth about $240,000. Institutional investors own 93.84% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc (NYSE: DFIN) provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company’s offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.