Donnelley Financial Solutions (NYSE:DFIN) Rating Lowered to Hold at Zacks Research

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

A number of other brokerages have also commented on DFIN. DA Davidson decreased their target price on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Finally, Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Donnelley Financial Solutions currently has an average rating of “Moderate Buy” and an average price target of $59.50.

Donnelley Financial Solutions Stock Down 2.4%

Shares of NYSE DFIN opened at $51.33 on Tuesday. The firm has a market cap of $1.28 billion, a PE ratio of 39.79 and a beta of 0.72. Donnelley Financial Solutions has a 12-month low of $36.11 and a 12-month high of $65.26. The company’s fifty day simple moving average is $42.74 and its 200 day simple moving average is $46.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.59.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. The firm had revenue of $205.50 million during the quarter, compared to the consensus estimate of $204.80 million. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Donnelley Financial Solutions will post 4.46 earnings per share 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 the business. Wedge Capital Management L L P NC increased its holdings in Donnelley Financial Solutions by 38.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 36,151 shares of the company’s stock worth $1,517,000 after purchasing an additional 9,992 shares in the last quarter. Access Investment Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 6.5% in the first quarter. Access Investment Management LLC now owns 233,835 shares of the company’s stock valued at $11,023,000 after purchasing an additional 14,190 shares in the last quarter. Amundi bought a new position in shares of Donnelley Financial Solutions in the first quarter valued at approximately $209,000. California State Teachers Retirement System boosted its position in shares of Donnelley Financial Solutions by 40.9% during the first quarter. California State Teachers Retirement System now owns 35,691 shares of the company’s stock valued at $1,682,000 after buying an additional 10,352 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Donnelley Financial Solutions during the first quarter valued at approximately $316,000. 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.