Donnelley Financial Solutions (NYSE:DFIN) Cut to "Hold" at Wall Street Zen

Key Points

• Donnelley Financial Solutions has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a change in investment sentiment.
• The company's recent quarterly earnings report showed an EPS of $1.49, above analysts' expectations of $1.42, despite a 10.1% year-over-year decline in revenue.
• Insider Craig Clay sold 11,022 shares of the company's stock for approximately $595,518, representing a significant decrease in their ownership stake.

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

Other equities research analysts also recently issued reports about the stock. DA Davidson reiterated a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Thursday, May 1st.

Donnelley Financial Solutions Stock Performance

Shares of DFIN traded down $0.85 during trading hours on Friday, hitting $51.34. The company had a trading volume of 81,666 shares, compared to its average volume of 287,060. Donnelley Financial Solutions has a 12 month low of $37.80 and a 12 month high of $70.55. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 18.12 and a beta of 1.07. The business has a fifty day moving average of $59.95 and a 200-day moving average of $54.35. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.43.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. Donnelley Financial Solutions had a net margin of 10.87% and a return on equity of 20.03%. The business had revenue of $218.10 million for the quarter, compared to analyst estimates of $226.13 million. During the same period last year, the firm earned $1.47 earnings per share. Donnelley Financial Solutions's revenue for the quarter was down 10.1% compared to the same quarter last year.

Insider Buying and Selling

In other Donnelley Financial Solutions news, insider Craig Clay sold 11,022 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total value of $595,518.66. Following the completion of the transaction, the insider owned 143,448 shares in the company, valued at approximately $7,750,495.44. This represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Versor Investments LP bought a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $265,000. Assetmark Inc. raised its holdings in shares of Donnelley Financial Solutions by 17.7% during the 2nd quarter. Assetmark Inc. now owns 47,366 shares of the company's stock worth $2,920,000 after acquiring an additional 7,134 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Donnelley Financial Solutions during the 2nd quarter valued at $254,000. Caitong International Asset Management Co. Ltd increased its stake in Donnelley Financial Solutions by 1,107.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company's stock worth $31,000 after purchasing an additional 465 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new stake in Donnelley Financial Solutions in the second quarter worth $537,000. 93.84% of the stock is currently owned by institutional investors.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).