DA Davidson Forecasts Strong Price Appreciation for Donnelley Financial Solutions (NYSE:DFIN) Stock

Key Points

• DA Davidson raised Donnelley Financial Solutions’ price target from $62 to $76 and maintained a “buy” rating, implying 11.68% potential upside. The stock has a consensus “Moderate Buy” rating and an average target of $74.
• Donnelley Financial Solutions reported quarterly EPS of $1.07, exceeding the $0.84 estimate, while revenue reached $185 million and rose 5.5% year over year.
• DFIN shares rose 1.7% to $68.05, near their 12-month high of $68.17. Institutional investors own 93.84% of the company, while an insider recently increased his holdings by 30.54% through a stock purchase.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) had its price target raised by stock analysts at DA Davidson from $62.00 to $76.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price objective indicates a potential upside of 11.68% from the stock's previous close.

A number of other research analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research lowered shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Needham & Company LLC raised their target price on shares of Donnelley Financial Solutions from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.00.

Donnelley Financial Solutions Trading Up 1.7%

Donnelley Financial Solutions stock traded up $1.16 during midday trading on Monday, reaching $68.05. The stock had a trading volume of 213,263 shares, compared to its average volume of 275,773. The stock's 50-day simple moving average is $50.02 and its 200 day simple moving average is $47.35. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $68.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $1.67 billion, a PE ratio of 17.95 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.84 by $0.23. The company had revenue of $185.00 million during the quarter, compared to analyst estimates of $179.90 million. Donnelley Financial Solutions had a return on equity of 26.70% and a net margin of 12.37%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Insider Transactions at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz purchased 5,780 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average price of $47.75 per share, with a total value of $275,995.00. Following the purchase, the director directly owned 24,704 shares of the company's stock, valued at approximately $1,179,616. This represents a 30.54% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth approximately $165,182,000. Alberta Investment Management Corp bought a new position in Donnelley Financial Solutions during the 2nd quarter valued at $44,157,000. Rice Hall James & Associates LLC boosted its stake in Donnelley Financial Solutions by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company's stock valued at $36,771,000 after acquiring an additional 14,098 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Donnelley Financial Solutions during the 2nd quarter worth $26,510,000. Finally, Algert Global LLC grew its holdings in Donnelley Financial Solutions by 90.9% during the 2nd quarter. Algert Global LLC now owns 529,983 shares of the company's stock worth $22,233,000 after acquiring an additional 252,383 shares in the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc NYSE: DFIN provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company's offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.

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