Donnelley Financial Solutions (NYSE:DFIN) Stock Rating Lowered by Zacks Research

Donnelley Financial Solutions (NYSE:DFIN) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. Finally, DA Davidson restated a “buy” rating and set a $66.00 price target on shares of Donnelley Financial Solutions in a research note on Thursday, April 16th. One 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $52.89 on Monday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 49.43 and a beta of 0.87. The stock has a fifty day moving average price of $47.94 and a 200 day moving average price of $48.63. Donnelley Financial Solutions has a 52 week low of $37.07 and a 52 week high of $66.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 17th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.40 by $0.30. The firm had revenue of $172.50 million during the quarter, compared to analyst estimates of $155.27 million. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. Equities research analysts anticipate that Donnelley Financial Solutions will post 4.12 earnings per share for the current year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 20,280 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $50.16, for a total transaction of $1,017,244.80. Following the completion of the sale, the insider directly owned 116,814 shares in the company, valued at $5,859,390.24. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Donnelley Financial Solutions by 109.4% during the first quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after acquiring an additional 336 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Donnelley Financial Solutions during the third quarter worth about $52,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Donnelley Financial Solutions during the fourth quarter worth about $70,000. Versant Capital Management Inc increased its stake in Donnelley Financial Solutions by 28.9% during the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock worth $79,000 after acquiring an additional 343 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at about $87,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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.