DA Davidson Issues Positive Forecast for Donnelley Financial Solutions (NYSE:DFIN) Stock Price

Donnelley Financial Solutions (NYSE:DFIN) had its price target lifted by stock analysts at DA Davidson from $62.00 to $76.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson‘s price target suggests a potential upside of 11.68% from the stock’s previous close.

A number of other research analysts also recently commented on DFIN. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 4th. Finally, Needham & Company LLC upped their price target on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday. One equities research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN traded up $1.16 during midday trading on Monday, hitting $68.05. The company’s stock had a trading volume of 213,263 shares, compared to its average volume of 275,773. Donnelley Financial Solutions has a 1-year low of $36.11 and a 1-year high of $68.17. The firm’s fifty day moving average price is $50.02 and its 200-day moving average price is $47.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1.67 billion, a P/E ratio of 17.95 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.23. The firm had revenue of $185.00 million for the quarter, compared to analysts’ expectations of $179.90 million. Donnelley Financial Solutions had a net margin of 12.37% and a return on equity of 26.70%. Donnelley Financial Solutions’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. On average, sell-side analysts forecast that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In related news, Director Joseph Leo Binz bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $48.27 per share, for a total transaction of $724,050.00. Following the transaction, the director directly owned 18,924 shares of the company’s stock, valued at approximately $913,461.48. This represents a 382.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors have recently made changes to their positions in the stock. Keating Financial Advisory Services Inc. acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Donnelley Financial Solutions by 330.5% in the third quarter. Farther Finance Advisors LLC now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 499 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Donnelley Financial Solutions in the second quarter valued at $34,000. Fortitude Family Office LLC acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at $35,000. Finally, Sterling Capital Management LLC boosted its stake in Donnelley Financial Solutions by 310.5% during the third quarter. Sterling Capital Management LLC now owns 743 shares of the company’s stock valued at $35,000 after buying an additional 562 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

About Donnelley Financial Solutions

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.