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

Key Points

• Wall Street Zen downgraded Donnelley Financial Solutions from “strong-buy” to “buy,” adding to a mixed analyst picture that now shows an average “Moderate Buy” rating and a $59.50 average price target.
• DFIN shares fell 2.9% and opened at $42.91, while the stock remains below its 50-day and 200-day moving averages and well under its 1-year high of $66.25.
• Recent earnings beat expectations, with the company reporting $1.45 EPS versus $1.35 expected and revenue of $205.5 million, up 2.2% year over year.

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

A number of other research firms have also recently weighed in on DFIN. Zacks Research cut shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 20th. Needham & Company LLC restated a "buy" rating and set a $57.00 target price on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. Finally, DA Davidson lowered their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday. One equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.50.

Donnelley Financial Solutions Trading Down 2.9%

Shares of Donnelley Financial Solutions stock opened at $42.91 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.06. Donnelley Financial Solutions has a 1-year low of $37.07 and a 1-year high of $66.25. The company's fifty day simple moving average is $48.83 and its 200-day simple moving average is $48.32. The stock has a market capitalization of $1.07 billion, a PE ratio of 33.27 and a beta of 0.83.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.10. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. The company had revenue of $205.50 million for the quarter, compared to analysts' expectations of $204.80 million. During the same quarter in the previous year, the company earned $1.24 EPS. Donnelley Financial Solutions's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Donnelley Financial Solutions will post 4.12 earnings per share for the current year.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, insider Eric J. Johnson sold 20,280 shares of the business's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the sale, the insider directly owned 116,814 shares in the company, valued at $5,859,390.24. The trade was a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of Donnelley Financial Solutions

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Donnelley Financial Solutions by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company's stock worth $96,032,000 after buying an additional 49,875 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Donnelley Financial Solutions by 8.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,237,306 shares of the company's stock worth $63,634,000 after buying an additional 91,494 shares during the last quarter. Simcoe Capital Management LLC increased its holdings in shares of Donnelley Financial Solutions by 14.4% in the 3rd quarter. Simcoe Capital Management LLC now owns 1,187,190 shares of the company's stock worth $61,057,000 after buying an additional 149,455 shares during the last quarter. Alberta Investment Management Corp increased its holdings in shares of Donnelley Financial Solutions by 151.3% in the 4th quarter. Alberta Investment Management Corp now owns 879,600 shares of the company's stock worth $41,069,000 after buying an additional 529,600 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Donnelley Financial Solutions by 0.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 765,939 shares of the company's stock worth $35,762,000 after buying an additional 6,871 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Company Profile

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.

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