Donnelley Financial Solutions (NYSE:DFIN) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Donnelley Financial Solutions (NYSE:DFIN) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on DFIN. Needham & Company LLC reissued 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 reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, DA Davidson reissued a “buy” rating and set a $66.00 price objective on shares of Donnelley Financial Solutions in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Donnelley Financial Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $53.00 on Monday. The company has a market cap of $1.36 billion, a PE ratio of 49.53 and a beta of 0.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. Donnelley Financial Solutions has a 12-month low of $37.07 and a 12-month high of $66.25. The stock has a 50-day moving average price of $48.17 and a 200-day moving average price of $48.66.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.30. The company had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $155.27 million. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.Donnelley Financial Solutions’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. As a group, equities analysts forecast that Donnelley Financial Solutions will post 4.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 20,280 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.16, for a total value of $1,017,244.80. Following the transaction, the insider directly owned 116,814 shares of the company’s stock, valued at $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 is available at the SEC website. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

A number of large investors have recently bought and sold shares of DFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Donnelley Financial Solutions by 13.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company’s stock worth $729,000 after purchasing an additional 2,005 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Donnelley Financial Solutions by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,954 shares of the company’s stock worth $4,456,000 after buying an additional 1,674 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Donnelley Financial Solutions in the 1st quarter worth approximately $2,698,000. Intech Investment Management LLC grew its position in shares of Donnelley Financial Solutions by 34.4% in the 1st quarter. Intech Investment Management LLC now owns 26,290 shares of the company’s stock worth $1,149,000 after buying an additional 6,734 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Donnelley Financial Solutions by 22.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 76,988 shares of the company’s stock worth $4,746,000 after buying an additional 14,303 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

About Donnelley Financial Solutions

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.