Donnelley Financial Solutions (NYSE:DFIN) Stock Has Consensus Target Price of $61.00

Shares of Donnelley Financial Solutions (NYSE:DFIN) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $61.00.

Several brokerages have recently issued reports on DFIN. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Donnelley Financial Solutions in a research note on Monday, September 21st. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th.

Donnelley Financial Solutions Stock Performance

Shares of NYSE:DFIN opened at $55.79 on Tuesday. The company’s 50 day simple moving average is $49.14 and its 200 day simple moving average is $46.29. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 38.48 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $56.33.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. During the same period in the previous year, the business earned $1.49 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, research analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Joseph Leo Binz bought 15,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was purchased at an average price of $48.27 per share, with a total value of $724,050.00. Following the completion of the purchase, the director owned 18,924 shares in the company, valued at $913,461.48. The trade was a 382.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new position in shares of Donnelley Financial Solutions during the second quarter worth $2,813,000. Bank of America Corp DE bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter valued at $5,608,000. Bank of New York Mellon Corp acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at $5,935,000. BlackRock Inc. acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at $165,182,000. Finally, Legal & General Group Plc acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at $2,340,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Company Profile

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.