Donnelley Financial Solutions (NYSE:DFIN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Donnelley Financial Solutions (NYSE:DFIN) have received a consensus rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $61.50.

Several research analysts recently issued reports on the company. Zacks Research raised Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Needham & Company LLC restated a “buy” rating and set a $57.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $66.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, February 18th.

Insider Activity

In other news, insider Eric J. Johnson sold 20,280 shares of Donnelley Financial Solutions stock in a transaction on Friday, March 6th. The shares were sold at an average price of $50.16, for a total transaction of $1,017,244.80. Following the completion of the sale, the insider directly owned 116,814 shares in the company, valued at approximately $5,859,390.24. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Donnelley Financial Solutions

Hedge funds have recently made changes to their positions in the company. First Citizens Bank & Trust Co. lifted its position in Donnelley Financial Solutions by 2.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company’s stock worth $379,000 after acquiring an additional 220 shares during the period. Gotham Asset Management LLC increased its holdings in shares of Donnelley Financial Solutions by 1.3% in the third quarter. Gotham Asset Management LLC now owns 18,256 shares of the company’s stock valued at $939,000 after purchasing an additional 230 shares during the period. Lido Advisors LLC raised its stake in shares of Donnelley Financial Solutions by 5.0% in the fourth quarter. Lido Advisors LLC now owns 4,857 shares of the company’s stock worth $244,000 after purchasing an additional 231 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Donnelley Financial Solutions by 3.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock worth $365,000 after purchasing an additional 232 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Donnelley Financial Solutions by 4.2% during the second quarter. Osaic Holdings Inc. now owns 6,296 shares of the company’s stock worth $367,000 after purchasing an additional 252 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $46.43 on Thursday. The company has a 50 day moving average of $48.10 and a two-hundred day moving average of $48.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a twelve month low of $37.07 and a twelve month high of $66.25. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 43.39 and a beta of 0.87.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.30. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The business had revenue of $172.50 million for the quarter, compared to the consensus estimate of $155.27 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis.

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.