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

Key Points

• Wall Street Zen upgraded Donnelley Financial Solutions to “strong buy” from “buy.” Analysts overall rate the stock “Moderate Buy,” with a consensus price target of $61.00.
• DFIN reported quarterly EPS of $1.76, beating estimates of $1.63, while revenue reached $224.2 million and increased 2.8% year over year.
• The stock opened at $46.64, down 1.8%, and institutional investors own 93.84% of its shares. Director Joseph Leo Binz also bought 15,000 shares worth approximately $724,050.

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

Other equities analysts also recently issued reports about the company. Needham & Company LLC restated a "buy" rating and set a $60.00 price objective on shares of Donnelley Financial Solutions in a research report on Monday, September 21st. Zacks Research downgraded 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 report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Donnelley Financial Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $61.00.

Donnelley Financial Solutions Trading Down 1.8%

Shares of NYSE DFIN opened at $46.64 on Friday. The firm has a 50 day moving average price of $48.45 and a two-hundred day moving average price of $45.84. The stock has a market cap of $1.15 billion, a P/E ratio of 32.17 and a beta of 0.75. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $56.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The company had revenue of $224.20 million for the quarter, compared to analyst estimates of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. Donnelley Financial Solutions's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. As a group, equities analysts forecast that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Insider Activity

In other Donnelley Financial Solutions news, Director Joseph Leo Binz purchased 15,000 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were purchased at an average cost of $48.27 per share, for a total transaction of $724,050.00. Following the acquisition, the director owned 18,924 shares of the company's stock, valued at approximately $913,461.48. This represents a 382.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DFIN. WINTON GROUP Ltd acquired a new stake in Donnelley Financial Solutions in the second quarter valued at approximately $2,813,000. Bank of New York Mellon Corp acquired a new position in shares of Donnelley Financial Solutions during the second quarter worth approximately $5,935,000. BlackRock Inc. bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth $165,182,000. Legal & General Group Plc bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth $2,340,000. Finally, Deutsche Bank AG acquired a new stake in Donnelley Financial Solutions in the 2nd quarter valued at $1,598,000. 93.84% of the stock is owned by institutional investors.

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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