Donnelley Financial Solutions (NYSE:DFIN) Downgraded by Wall Street Zen to Buy

Donnelley Financial Solutions (NYSE:DFIN) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Monday, December 29th. CJS Securities upgraded shares of Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $57.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. Finally, DA Davidson set a $66.00 price target on shares of Donnelley Financial Solutions in a report on Thursday, January 8th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Donnelley Financial Solutions Price Performance

DFIN opened at $55.28 on Friday. The firm has a 50-day moving average of $47.59 and a 200 day moving average of $52.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.13. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $69.93. The firm has a market cap of $1.47 billion, a P/E ratio of 52.64 and a beta of 0.90.

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

Institutional Trading of Donnelley Financial Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Donnelley Financial Solutions by 1,107.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 465 shares during the last quarter. CWM LLC increased its position in shares of Donnelley Financial Solutions by 53.7% during the 2nd quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after purchasing an additional 241 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Donnelley Financial Solutions during the 3rd quarter valued at about $52,000. Versant Capital Management Inc lifted its position in Donnelley Financial Solutions by 28.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock worth $79,000 after buying an additional 343 shares during the last quarter. Finally, Huntington National Bank lifted its position in Donnelley Financial Solutions by 48.5% in the 2nd quarter. Huntington National Bank now owns 1,584 shares of the company’s stock worth $98,000 after buying an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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.