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

Donnelley Financial Solutions (NYSE:DFIN) was upgraded by equities 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.

Other equities analysts have also issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $57.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. CJS Securities raised shares of Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $66.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, January 30th. Finally, Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Donnelley Financial Solutions Stock Up 1.9%

NYSE:DFIN opened at $48.37 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 46.06 and a beta of 0.92. Donnelley Financial Solutions has a twelve month low of $37.80 and a twelve month high of $69.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $49.13 and a 200-day simple moving average of $51.41.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of DFIN. Caitong International Asset Management Co. Ltd boosted its position in 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 worth $31,000 after purchasing an additional 465 shares in the last quarter. CWM LLC boosted its holdings in Donnelley Financial Solutions by 53.7% during the second quarter. CWM LLC now owns 690 shares of the company’s stock worth $43,000 after buying an additional 241 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Donnelley Financial Solutions during the third quarter valued at $52,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Donnelley Financial Solutions during the fourth quarter valued at $70,000. Finally, Versant Capital Management Inc increased its holdings in Donnelley Financial Solutions by 28.9% in the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock valued at $79,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds 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.