Donnelley Financial Solutions (NYSE:DFIN) Hits New 12-Month Low – Here’s Why

Donnelley Financial Solutions (NYSE:DFIN) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $37.07 and last traded at $36.64, with a volume of 64107 shares trading hands. The stock had previously closed at $38.51.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, DA Davidson dropped 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Donnelley Financial Solutions Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.59. The company has a market cap of $912.32 million, a PE ratio of 28.28 and a beta of 0.74. The business’s fifty day moving average is $45.11 and its 200-day moving average is $47.12.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The company had revenue of $205.50 million for 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 revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share. As a group, research analysts predict that Donnelley Financial Solutions will post 4.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently added to or reduced their stakes in DFIN. Alliancebernstein L.P. lifted its holdings in Donnelley Financial Solutions by 1,842.6% during the second quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after purchasing an additional 562,144 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in Donnelley Financial Solutions by 151.3% during the fourth quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock valued at $41,069,000 after purchasing an additional 529,600 shares in the last quarter. Royce & Associates LP lifted its holdings in Donnelley Financial Solutions by 156.2% during the third quarter. Royce & Associates LP now owns 434,077 shares of the company’s stock valued at $22,325,000 after purchasing an additional 264,659 shares in the last quarter. Simcoe Capital Management LLC lifted its holdings in Donnelley Financial Solutions by 34.0% during the second quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock valued at $63,976,000 after purchasing an additional 263,570 shares in the last quarter. Finally, Shapiro Capital Management LLC lifted its holdings in Donnelley Financial Solutions by 33.1% during the third quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after purchasing an additional 176,720 shares in the last quarter. 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.