BlackRock Inc. purchased a new position in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,937,601 shares of the company's stock, valued at approximately $165,182,000. BlackRock Inc. owned 16.02% of Donnelley Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Deutsche Bank AG bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth about $1,598,000. Rice Hall James & Associates LLC bought a new position in Donnelley Financial Solutions in the 2nd quarter valued at about $32,516,000. Alberta Investment Management Corp purchased a new position in Donnelley Financial Solutions during the 2nd quarter worth $44,157,000. Bank of New York Mellon Corp bought a new stake in Donnelley Financial Solutions during the second quarter worth $5,935,000. Finally, State of Wyoming purchased a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth about $484,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
DFIN has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Needham & Company LLC increased their target price on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Wall Street Zen lowered Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 27th. Zacks Research cut Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, DA Davidson dropped their price objective on Donnelley Financial Solutions from $66.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, May 6th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.00.
Get Our Latest Stock Report on DFIN
Donnelley Financial Solutions Stock Up 0.6%
DFIN stock opened at $48.25 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The company's 50 day moving average is $46.80 and its 200 day moving average is $45.66. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 33.28 and a beta of 0.71. Donnelley Financial Solutions has a 1-year low of $36.11 and a 1-year high of $57.37.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The business had revenue of $224.20 million during the quarter, compared to analyst estimates of $221.40 million. During the same period in the previous year, the business posted $1.49 earnings per share. Donnelley Financial Solutions's revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.
About Donnelley Financial Solutions
(
Free Report)
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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