Zacks Investment Research upgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. The firm currently has $11.00 target price on the stock.
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. “
Other equities research analysts have also recently issued research reports about the stock. DA Davidson cut 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 report on Tuesday, October 22nd. B. Riley initiated coverage on shares of Donnelley Financial Solutions in a report on Wednesday, October 16th. They set a buy rating and a $16.00 price target on the stock. TheStreet upgraded shares of Donnelley Financial Solutions from a d+ rating to a c rating in a report on Monday, September 23rd. Finally, ValuEngine upgraded shares of Donnelley Financial Solutions from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Donnelley Financial Solutions has a consensus rating of Hold and a consensus price target of $16.00.
Shares of NYSE:DFIN traded up $0.41 during trading on Wednesday, reaching $9.82. 319,845 shares of the stock traded hands, compared to its average volume of 162,788. The stock has a 50-day moving average of $11.10 and a two-hundred day moving average of $12.55. Donnelley Financial Solutions has a 52-week low of $9.24 and a 52-week high of $17.69. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.43 and a current ratio of 1.38. The stock has a market cap of $327.91 million, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 9.89 and a beta of 1.86.
In other news, Director Jeffrey Jacobowitz purchased 107,128 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of $11.36 per share, for a total transaction of $1,216,974.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.63% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. FMR LLC lifted its position in Donnelley Financial Solutions by 54.5% during the first 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 during the period. D. E. Shaw & Co. Inc. lifted its position in Donnelley Financial Solutions by 8.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 530,113 shares of the company’s stock valued at $7,072,000 after purchasing an additional 42,017 shares during the period. Foundry Partners LLC lifted its position in Donnelley Financial Solutions by 6.3% during the third quarter. Foundry Partners LLC now owns 412,232 shares of the company’s stock valued at $5,079,000 after purchasing an additional 24,523 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Donnelley Financial Solutions by 6.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 410,062 shares of the company’s stock valued at $5,470,000 after purchasing an additional 24,325 shares during the period. Finally, Prudential Financial Inc. lifted its position in Donnelley Financial Solutions by 8.9% during the second quarter. Prudential Financial Inc. now owns 292,794 shares of the company’s stock valued at $3,905,000 after purchasing an additional 24,020 shares during the period. Institutional investors own 93.56% of the company’s stock.
About Donnelley Financial Solutions
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.
Recommended Story: Investing in Growth Stocks
Get a free copy of the Zacks research report on Donnelley Financial Solutions (DFIN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Donnelley Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donnelley Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.