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

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other research analysts have also recently commented on the company. Needham & Company LLC reduced their target price on Donnelley Financial Solutions from $72.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Donnelley Financial Solutions in a research note on Monday. Finally, DA Davidson set a $70.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.50.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $45.81 on Friday. The firm’s 50-day moving average is $49.22 and its 200-day moving average is $54.53. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 43.63 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.13. Donnelley Financial Solutions has a 52-week low of $37.80 and a 52-week high of $69.93.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.29. The firm had revenue of $175.30 million for the quarter, compared to analyst estimates of $169.70 million. Donnelley Financial Solutions had a return on equity of 22.46% and a net margin of 4.33%.The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth approximately $37,603,000. Alliancebernstein L.P. grew its position in Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after acquiring an additional 562,144 shares during the last quarter. Royce & Associates LP increased its holdings in Donnelley Financial Solutions by 156.2% during the 3rd 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 raised its position in Donnelley Financial Solutions by 34.0% in the 2nd 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 during the last quarter. Finally, Access Investment Management LLC acquired a new position in Donnelley Financial Solutions in the second quarter worth $13,518,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).