Wall Street Zen Upgrades Donnelley Financial Solutions (NYSE:DFIN) to Strong-Buy

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on the company. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Donnelley Financial Solutions in a research note on Monday, September 21st. Finally, Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. One equities research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Donnelley Financial Solutions Stock Up 0.2%

Donnelley Financial Solutions stock opened at $46.64 on Friday. Donnelley Financial Solutions has a 1-year low of $36.11 and a 1-year high of $56.26. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 32.17 and a beta of 0.75. The firm’s fifty day moving average price is $48.45 and its two-hundred day moving average price is $45.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $221.40 million. During the same period last year, the company earned $1.49 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of $48.27 per share, with a total value of $724,050.00. Following the completion of the transaction, the director directly owned 18,924 shares of the company’s stock, valued at approximately $913,461.48. This trade represents a 382.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

A number of institutional investors have recently added to or reduced their stakes in DFIN. WINTON GROUP Ltd purchased a new stake in Donnelley Financial Solutions in the 2nd quarter valued at about $2,813,000. Engineers Gate Manager LP boosted its stake in shares of Donnelley Financial Solutions by 105.7% in the 2nd quarter. Engineers Gate Manager LP now owns 27,247 shares of the company’s stock worth $1,143,000 after buying an additional 14,003 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Donnelley Financial Solutions by 72.4% in the second quarter. Squarepoint Ops LLC now owns 11,255 shares of the company’s stock valued at $472,000 after acquiring an additional 4,725 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Donnelley Financial Solutions in the second quarter valued at approximately $1,225,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Donnelley Financial Solutions during the second quarter valued at approximately $34,000. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc (NYSE:DFIN) provides software and technology-enabled services that support financial reporting, regulatory compliance, capital markets transactions and investment communications. The company serves public companies, private companies, investment firms and other organizations that need to prepare, manage and distribute business-critical financial information.

Its offerings include regulatory filing and reporting solutions, financial disclosure management software, data rooms for mergers and acquisitions, and tools for managing shareholder and investment-company communications.