Donnelley Financial Solutions’ (DFIN) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of Donnelley Financial Solutions (NYSE:DFIN) in a research note released on Thursday,Benzinga reports. They currently have a $66.00 price target on the stock.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen raised shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Zacks Research upgraded shares of Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $57.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $61.50.

Donnelley Financial Solutions Price Performance

DFIN stock opened at $50.64 on Thursday. The business has a 50 day moving average price of $47.57 and a 200 day moving average price of $48.67. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 47.32 and a beta of 0.87. Donnelley Financial Solutions has a fifty-two week low of $37.07 and a fifty-two week high of $66.25. 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 (NYSE:DFIN) last posted its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $172.50 million during the quarter, compared to analysts’ expectations of $155.27 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year.

Insider Activity

In other news, insider Eric J. Johnson sold 20,280 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was 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 owned 116,814 shares in the company, valued at approximately $5,859,390.24. The trade was a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors have recently modified their holdings of the company. Simcoe Capital Management LLC boosted its position in shares of Donnelley Financial Solutions by 14.4% in the third quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company’s stock worth $61,057,000 after buying an additional 149,455 shares during the period. GSA Capital Partners LLP acquired a new stake in Donnelley Financial Solutions in the third quarter valued at $621,000. Alberta Investment Management Corp raised its holdings in Donnelley Financial Solutions by 75.0% in the third quarter. Alberta Investment Management Corp now owns 350,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 150,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in Donnelley Financial Solutions by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after acquiring an additional 49,875 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Donnelley Financial Solutions by 8.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company’s stock valued at $63,634,000 after acquiring an additional 91,494 shares in the last quarter. 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.