Donnelley Financial Solutions (NYSE:DFIN) Downgraded to "Hold" Rating by 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 investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

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

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $51.07 on Friday. Donnelley Financial Solutions has a 52 week low of $37.80 and a 52 week high of $70.55. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 18.05 and a beta of 1.07. The stock has a 50 day moving average of $59.98 and a 200-day moving average of $54.52.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $218.10 million during the quarter, compared to the consensus estimate of $226.13 million. During the same quarter in the previous year, the company posted $1.47 earnings per share. The firm's revenue was down 10.1% on a year-over-year basis.

Insider Transactions at Donnelley Financial Solutions

In other news, insider Craig Clay sold 11,022 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total transaction of $595,518.66. Following the transaction, the insider directly owned 143,448 shares of the company's stock, valued at approximately $7,750,495.44. This trade represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several institutional investors have recently bought and sold shares of the stock. Huntington National Bank increased its position in shares of Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock valued at $57,000 after purchasing an additional 156 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in Donnelley Financial Solutions by 2.1% during the second quarter. NorthCrest Asset Manangement LLC now owns 9,943 shares of the company's stock valued at $632,000 after buying an additional 200 shares in the last quarter. CWM LLC grew its holdings in Donnelley Financial Solutions by 53.7% during the second quarter. CWM LLC now owns 690 shares of the company's stock worth $43,000 after acquiring an additional 241 shares during the period. PNC Financial Services Group Inc. raised its position in Donnelley Financial Solutions by 0.7% in the first quarter. PNC Financial Services Group Inc. now owns 37,922 shares of the company's stock worth $1,658,000 after acquiring an additional 261 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Donnelley Financial Solutions by 2.4% in the 1st quarter. MetLife Investment Management LLC now owns 16,231 shares of the company's stock valued at $709,000 after acquiring an additional 376 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.

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).

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