Globeflex Capital L P Makes New $2.87 Million Investment in Donnelley Financial Solutions $DFIN

Key Points

• Globeflex Capital acquired 68,494 shares of Donnelley Financial Solutions, valued at approximately $2.87 million, while institutional investors collectively own 93.84% of DFIN.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $61, above the stock’s reported $48.19 price.
• DFIN exceeded quarterly expectations, reporting $1.76 in earnings per share versus the $1.63 estimate and revenue of $224.2 million, up 2.8% year over year.

Globeflex Capital L P acquired a new stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 68,494 shares of the company's stock, valued at approximately $2,873,000. Globeflex Capital L P owned 0.28% of Donnelley Financial Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DFIN. Keating Financial Advisory Services Inc. purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $29,000. Blue Trust Inc. grew its stake in Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $30,000 after acquiring an additional 336 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Donnelley Financial Solutions in the 4th quarter worth $70,000. Vestcor Inc purchased a new stake in Donnelley Financial Solutions in the 3rd quarter worth $160,000. Finally, LSV Asset Management raised its position in Donnelley Financial Solutions by 117.6% during the fourth quarter. LSV Asset Management now owns 3,700 shares of the company's stock worth $173,000 after acquiring an additional 2,000 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DFIN. Wall Street Zen downgraded shares of Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 27th. Weiss Ratings restated a "hold (c-)" rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. 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. DA Davidson decreased their price target 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, May 6th. Finally, Needham & Company LLC lifted their price objective on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Donnelley Financial Solutions has an average rating of "Moderate Buy" and a consensus price target of $61.00.

Donnelley Financial Solutions Trading Down 0.1%

Shares of DFIN opened at $48.19 on Monday. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $57.88. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm's fifty day moving average is $45.98 and its two-hundred day moving average is $45.64. The stock has a market cap of $1.18 billion, a PE ratio of 33.23 and a beta of 0.71.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The business had revenue of $224.20 million during the quarter, compared to analysts' expectations of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 earnings per share. Research analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

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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