Donnelley Financial Solutions (NYSE:DFIN) Stock Rating Lowered by Zacks Investment Research

Donnelley Financial Solutions (NYSE:DFIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Donnelley Financial Solutions, Inc. provides software and services. It offers content creation, management and distribution, as well as data analytics and multi-lingual localization services. Donnelley Financial Solutions, Inc. is based in Chicago, United States. “

A number of other equities research analysts have also recently issued reports on the stock. DA Davidson dropped their price target on shares of Donnelley Financial Solutions from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. ValuEngine raised shares of Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Donnelley Financial Solutions has a consensus rating of “Buy” and a consensus price target of $15.67.

Donnelley Financial Solutions stock traded up $0.09 during trading on Friday, reaching $10.02. The company had a trading volume of 186,858 shares, compared to its average volume of 209,322. The firm’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $10.78. Donnelley Financial Solutions has a 1-year low of $8.89 and a 1-year high of $17.09. The firm has a market capitalization of $315.56 million, a PE ratio of 11.52, a price-to-earnings-growth ratio of 7.30 and a beta of 1.82. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.31 and a current ratio of 1.38.

In related news, Director Jeffrey Jacobowitz purchased 284,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of $9.93 per share, with a total value of $2,823,099.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.63% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in DFIN. FMR LLC increased its holdings in shares of Donnelley Financial Solutions by 54.5% during the 1st quarter. FMR LLC now owns 3,771,091 shares of the company’s stock valued at $56,114,000 after purchasing an additional 1,330,408 shares in the last quarter. Morgan Stanley increased its holdings in shares of Donnelley Financial Solutions by 549.3% during the 2nd quarter. Morgan Stanley now owns 228,648 shares of the company’s stock valued at $3,050,000 after purchasing an additional 193,432 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Donnelley Financial Solutions by 11.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,566 shares of the company’s stock valued at $394,000 after acquiring an additional 2,976 shares during the period. State of Alaska Department of Revenue grew its stake in Donnelley Financial Solutions by 105.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 23,979 shares of the company’s stock valued at $295,000 after acquiring an additional 12,315 shares during the period. Finally, 6 Meridian grew its stake in Donnelley Financial Solutions by 46.8% in the 3rd quarter. 6 Meridian now owns 19,748 shares of the company’s stock valued at $243,000 after acquiring an additional 6,299 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.

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