Zacks Investment Research Downgrades Donnelley Financial Solutions (DFIN) to Hold

Zacks Investment Research downgraded shares of Donnelley Financial Solutions (NYSE:DFIN) from a buy rating to a hold rating in a research report report published on Thursday, 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. “

Several other research analysts have also issued reports on DFIN. Bank of America lowered shares of Donnelley Financial Solutions from a neutral rating to an underperform rating and cut their target price for the stock from $19.00 to $16.00 in a research note on Thursday, January 17th. ValuEngine lowered shares of Donnelley Financial Solutions from a hold rating to a sell rating in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $19.50.

NYSE DFIN traded down $0.32 on Thursday, hitting $15.10. 96,376 shares of the company were exchanged, compared to its average volume of 120,903. The firm has a market cap of $527.36 million, a PE ratio of 6.99, a P/E/G ratio of 10.92 and a beta of 1.66. Donnelley Financial Solutions has a 12 month low of $13.15 and a 12 month high of $21.44. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 2.13.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, May 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The company had revenue of $229.60 million for the quarter, compared to the consensus estimate of $229.02 million. Donnelley Financial Solutions had a return on equity of 29.79% and a net margin of 6.88%. On average, equities analysts predict that Donnelley Financial Solutions will post 0.91 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its holdings in Donnelley Financial Solutions by 31.2% during the first quarter. Nisa Investment Advisors LLC now owns 3,361 shares of the company’s stock worth $50,000 after buying an additional 800 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Donnelley Financial Solutions during the fourth quarter worth $58,000. AlphaOne Investment Services LLC raised its holdings in Donnelley Financial Solutions by 12.4% during the first quarter. AlphaOne Investment Services LLC now owns 6,262 shares of the company’s stock worth $93,000 after buying an additional 690 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in Donnelley Financial Solutions during the first quarter worth $110,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Donnelley Financial Solutions by 110.3% during the first quarter. BNP Paribas Arbitrage SA now owns 7,707 shares of the company’s stock worth $115,000 after buying an additional 4,043 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

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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