DA Davidson Reiterates “Buy” Rating for Donnelley Financial Solutions (NYSE:DFIN)

Donnelley Financial Solutions (NYSE:DFIN)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $66.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 27.32% from the company’s current price.

A number of other research firms have also weighed in on DFIN. CJS Securities upgraded shares of Donnelley Financial Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $51.84 on Friday. The company has a market capitalization of $1.38 billion, a P/E ratio of 49.37 and a beta of 0.90. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $69.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $49.11 and a two-hundred day moving average price of $51.79.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Wednesday, October 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.29. Donnelley Financial Solutions had a net margin of 4.33% and a return on equity of 22.46%. The firm had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $169.70 million. During the same quarter last year, the business earned $0.48 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds have recently bought and sold shares of DFIN. Caitong International Asset Management Co. Ltd lifted its stake in shares of Donnelley Financial Solutions by 1,107.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock valued at $31,000 after purchasing an additional 465 shares during the period. CWM LLC increased its holdings in Donnelley Financial Solutions by 53.7% in the second quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after buying an additional 241 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Donnelley Financial Solutions in the third quarter worth about $52,000. Versant Capital Management Inc raised its position in shares of Donnelley Financial Solutions by 28.9% in the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock worth $79,000 after acquiring an additional 343 shares during the period. Finally, Huntington National Bank grew its position in shares of Donnelley Financial Solutions by 48.5% during the 2nd quarter. Huntington National Bank now owns 1,584 shares of the company’s stock valued at $98,000 after acquiring an additional 517 shares during the period. 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.