Donnelley Financial Solutions (DFIN) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a buy rating to a hold rating in a research note released on Friday.

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. “

Several other brokerages have also recently commented on DFIN. JPMorgan Chase & Co. cut shares of Donnelley Financial Solutions from a neutral rating to an underweight rating in a research report on Tuesday, September 25th. Bank of America cut shares of Donnelley Financial Solutions from a buy rating to a neutral rating and set a $28.00 price target for the company. in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $22.80.

Shares of NYSE:DFIN traded up $0.31 during trading on Friday, hitting $17.17. 258,377 shares of the company’s stock were exchanged, compared to its average volume of 200,548. Donnelley Financial Solutions has a 1-year low of $14.48 and a 1-year high of $22.17. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.50 and a quick ratio of 1.74. The stock has a market cap of $594.32 million, a price-to-earnings ratio of 17.89, a P/E/G ratio of 2.45 and a beta of 2.04.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.09 by $1.31. Donnelley Financial Solutions had a net margin of 5.15% and a return on equity of 40.53%. The company had revenue of $216.90 million during the quarter, compared to analysts’ expectations of $218.00 million. Equities research analysts anticipate that Donnelley Financial Solutions will post 0.89 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Glen Harbor Capital Management LLC grew its holdings in Donnelley Financial Solutions by 45.5% during the second quarter. Glen Harbor Capital Management LLC now owns 9,452 shares of the company’s stock valued at $164,000 after purchasing an additional 2,958 shares during the period. Putnam Investments LLC acquired a new position in Donnelley Financial Solutions during the second quarter valued at approximately $2,263,000. Millennium Management LLC grew its holdings in Donnelley Financial Solutions by 1,128.8% during the second quarter. Millennium Management LLC now owns 757,495 shares of the company’s stock valued at $13,158,000 after purchasing an additional 695,849 shares during the period. Sei Investments Co. grew its holdings in Donnelley Financial Solutions by 51.8% during the second quarter. Sei Investments Co. now owns 77,419 shares of the company’s stock valued at $1,345,000 after purchasing an additional 26,410 shares during the period. Finally, Mcclain Value Management LLC grew its holdings in Donnelley Financial Solutions by 43.8% during the second quarter. Mcclain Value Management LLC now owns 209,604 shares of the company’s stock valued at $3,641,000 after purchasing an additional 63,877 shares during the period. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides financial communications, and data and analytics services for the investment and capital markets worldwide. It offers communication tools and services to allow its clients to comply with ongoing regulatory filings; and communications services to create, manage, and deliver registration statements, prospectuses, proxies, and other communications to regulators and investors.

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