Donnelley Financial Solutions’ (DFIN) Buy Rating Reaffirmed at DA Davidson

DA Davidson reiterated their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a report issued on Friday,Benzinga reports. The firm currently has a $66.00 price target on the stock.

DFIN has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Donnelley Financial Solutions Trading Up 0.2%

Shares of DFIN stock opened at $51.84 on Friday. The company’s fifty day simple moving average is $49.11 and its two-hundred day simple moving average is $51.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. Donnelley Financial Solutions has a 1 year low of $37.80 and a 1 year high of $69.93. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 49.37 and a beta of 0.90.

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

Hedge Funds Weigh In On Donnelley Financial Solutions

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its stake in Donnelley Financial Solutions by 1,107.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock worth $31,000 after purchasing an additional 465 shares during the last quarter. CWM LLC lifted its stake in shares of Donnelley Financial Solutions by 53.7% in the 2nd quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after acquiring an additional 241 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at about $52,000. Versant Capital Management Inc boosted its holdings in Donnelley Financial Solutions by 28.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock valued at $79,000 after acquiring an additional 343 shares during the period. Finally, LSV Asset Management bought a new position in Donnelley Financial Solutions during the 3rd quarter worth approximately $87,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Company Profile

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.