Donnelley Financial Solutions (NYSE:DFIN) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst sentiment is moderately positive: Five firms collectively rate Donnelley Financial Solutions a “Moderate Buy,” with an average 12-month price target of $61 versus a recent price of $49.04.
• Quarterly results exceeded expectations: The company reported EPS of $1.76, topping estimates of $1.63, while revenue rose 2.8% year over year to $224.2 million.
• Investor ownership remains strong: Director Joseph Leo Binz purchased approximately $276,000 of shares, while institutional investors own 93.84% of the stock.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $61.00.

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 27th. 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $60.00 target price on shares of Donnelley Financial Solutions in a research note on Monday.

Donnelley Financial Solutions Price Performance

Shares of DFIN stock opened at $49.04 on Friday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 33.82 and a beta of 0.71. The business's fifty day moving average is $48.57 and its 200 day moving average is $45.87. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $56.26. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. During the same quarter in the prior year, the company earned $1.49 earnings per share. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, Director Joseph Leo Binz acquired 5,780 shares of Donnelley Financial Solutions stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average price of $47.75 per share, with a total value of $275,995.00. Following the transaction, the director directly owned 24,704 shares in the company, valued at approximately $1,179,616. This represents a 30.54% increase in their ownership of the stock. The acquisition 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 insiders.

Institutional Investors Weigh In On Donnelley Financial Solutions

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

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc NYSE: DFIN provides software and technology-enabled services for companies and investment firms involved in public and private capital markets. Its solutions are designed to help clients prepare, manage, file and distribute financial and regulatory information while supporting compliance and investor communications.

The company's offerings include SEC reporting and compliance software, transaction and filing services, financial communication solutions, and technology for investment companies and alternative investment managers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.