Donnelley Financial Solutions (NYSE:DFIN) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Donnelley Financial Solutions from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $61.
• DFIN reported quarterly earnings of $1.76 per share, beating estimates of $1.63, while revenue reached $224.2 million and increased 2.8% year over year.
• Shares opened at $48.42, with a market capitalization of approximately $1.19 billion; company director Joseph Leo Binz also purchased 15,000 shares, and institutional investors own 93.84% of the stock.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Sunday, Wall Street Zen reports.

A number of other research analysts also recently commented on DFIN. Needham & Company LLC reissued a "buy" rating and set a $60.00 target price on shares of Donnelley Financial Solutions in a research report on Monday, September 21st. Zacks Research cut shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.00.

Donnelley Financial Solutions Price Performance

Shares of DFIN stock opened at $48.42 on Friday. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $56.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $48.41 and a two-hundred day simple moving average of $45.92. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 33.40 and a beta of 0.75.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%. The firm had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. During the same period in the previous year, the company posted $1.49 earnings per share. The firm's quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz purchased 15,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $48.27 per share, with a total value of $724,050.00. Following the completion of the transaction, the director owned 18,924 shares in the company, valued at $913,461.48. This represents a 382.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Donnelley Financial Solutions by 109.4% during the first quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $30,000 after acquiring an additional 336 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Donnelley Financial Solutions by 330.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 650 shares of the company's stock valued at $31,000 after purchasing an additional 499 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in shares of Donnelley Financial Solutions in the second quarter worth $29,000. Evolve Private Wealth LLC lifted its stake in shares of Donnelley Financial Solutions by 7.9% during the first quarter. Evolve Private Wealth LLC now owns 9,374 shares of the company's stock worth $442,000 after buying an additional 686 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Donnelley Financial Solutions during the second quarter valued at $34,000. Hedge funds and other institutional investors own 93.84% of the company's stock.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc NYSE: DFIN provides software and technology-enabled services that support financial reporting, regulatory compliance, capital markets transactions and investment communications. The company serves public companies, private companies, investment firms and other organizations that need to prepare, manage and distribute business-critical financial information.

Its offerings include regulatory filing and reporting solutions, financial disclosure management software, data rooms for mergers and acquisitions, and tools for managing shareholder and investment-company communications.

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