Zacks Research cut shares of Donnelley Financial Solutions (NYSE:DFIN – Free Report) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.
Other equities research analysts also recently issued reports about the company. DA Davidson dropped their target price 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. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Donnelley Financial Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.
View Our Latest Report on DFIN
Donnelley Financial Solutions Price Performance
Donnelley Financial Solutions (NYSE:DFIN – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. Donnelley Financial Solutions had a net margin of 4.52% and a return on equity of 24.80%. The firm had revenue of $205.50 million during the quarter, compared to analyst estimates of $204.80 million. During the same period last year, the business earned $1.24 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Donnelley Financial Solutions will post 4.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Donnelley Financial Solutions
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFIN. Alliancebernstein L.P. boosted its stake in Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock valued at $36,537,000 after purchasing an additional 562,144 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Donnelley Financial Solutions by 151.3% in the fourth quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock worth $41,069,000 after purchasing an additional 529,600 shares during the last quarter. Simcoe Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 34.0% during the second quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock valued at $63,976,000 after purchasing an additional 263,570 shares in the last quarter. Shapiro Capital Management LLC boosted its position in shares of Donnelley Financial Solutions by 33.1% during the third quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after buying an additional 176,720 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Donnelley Financial Solutions by 36.0% during the fourth quarter. Royce & Associates LP now owns 590,136 shares of the company’s stock valued at $27,553,000 after buying an additional 156,059 shares during the last quarter. 93.84% of the stock is owned by institutional investors.
About Donnelley Financial Solutions
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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