Donnelley Financial Solutions (NYSE:DFIN) Sets New 52-Week High - What's Next?

Key Points

• Donnelley Financial Solutions shares reached a new 52-week high of $56.33, with the stock last trading near $55.19 and a market capitalization of approximately $1.36 billion.
• Analysts maintain a generally positive outlook: the consensus rating is “Moderate Buy” with a $61.00 price target, although some firms recently downgraded their ratings from strong buy.
• The company exceeded quarterly expectations, reporting $1.76 in earnings per share versus the $1.63 estimate and $224.2 million in revenue, up 2.8% year over year. Institutional investors own 93.84% of the stock, while an insider recently increased his holdings by 30.54%.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report)'s share price hit a new 52-week high during trading on Friday. The company traded as high as $56.33 and last traded at $55.1910, with a volume of 23,112 shares changing hands. The stock had previously closed at $55.99.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DFIN shares. Needham & Company LLC restated a "buy" rating and issued a $60.00 target price on shares of Donnelley Financial Solutions in a research report on Monday, September 21st. Wall Street Zen cut Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 11th. Zacks Research cut Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.00.

Donnelley Financial Solutions Stock Performance

The company has a market cap of $1.36 billion, a PE ratio of 38.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. The firm's 50 day moving average is $49.00 and its 200-day moving average is $46.22.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The business had revenue of $224.20 million for the quarter, compared to analyst estimates of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The business's revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. On average, research analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Insider Activity at Donnelley Financial Solutions

In related news, Director Joseph Leo Binz purchased 5,780 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $47.75 per share, with a total value of $275,995.00. Following the completion of the acquisition, the director owned 24,704 shares in the company, valued at $1,179,616. This trade represents a 30.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.20% of the company's stock.

Institutional Trading of Donnelley Financial Solutions

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth $165,182,000. Alberta Investment Management Corp purchased a new stake in shares of Donnelley Financial Solutions in the second quarter valued at about $44,157,000. Rice Hall James & Associates LLC acquired a new stake in Donnelley Financial Solutions during the second quarter worth about $32,516,000. William Blair Investment Management LLC acquired a new stake in Donnelley Financial Solutions during the second quarter worth about $26,510,000. Finally, Algert Global LLC increased its position in Donnelley Financial Solutions by 90.9% during the second quarter. Algert Global LLC now owns 529,983 shares of the company's stock worth $22,233,000 after purchasing an additional 252,383 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc NYSE: DFIN provides software, technology-enabled services and communications solutions that help public and private companies, investment firms, financial institutions and other organizations meet regulatory, compliance and reporting requirements.

The company's offerings include cloud-based disclosure and compliance software, filing and reporting services, regulatory data management, virtual data rooms and solutions for capital markets transactions.

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