Donnelley Financial Solutions (NYSE:DFIN) Director Purchases $275,995.00 in Stock

Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz bought 5,780 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of $47.75 per share, with a total value of $275,995.00. Following the purchase, the director directly owned 24,704 shares of the company’s stock, valued at $1,179,616. The trade was a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Joseph Leo Binz also recently made the following trade(s):

• On Tuesday, September 1st, Joseph Leo Binz bought 15,000 shares of Donnelley Financial Solutions stock. The shares were acquired at an average cost of $48.27 per share, with a total value of $724,050.00.

Donnelley Financial Solutions Trading Up 3.7%

Shares of DFIN stock opened at $50.89 on Friday. The company has a market cap of $1.25 billion, a P/E ratio of 35.10 and a beta of 0.71. The stock has a 50 day simple moving average of $47.68 and a two-hundred day simple moving average of $45.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. Donnelley Financial Solutions has a fifty-two week low of $36.11 and a fifty-two week high of $57.37.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.49 EPS. Research analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on DFIN. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Needham & Company LLC increased their price objective on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Finally, Wall Street Zen lowered Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.00.

Institutional Trading of Donnelley Financial Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Donnelley Financial Solutions in the second quarter valued at approximately $165,182,000. California State Teachers Retirement System raised its position in Donnelley Financial Solutions by 2,974.1% in the 2nd quarter. California State Teachers Retirement System now owns 1,097,160 shares of the company’s stock valued at $46,026,000 after buying an additional 1,061,469 shares during the last quarter. Alberta Investment Management Corp bought a new position in Donnelley Financial Solutions during the 2nd quarter valued at $44,157,000. Simcoe Capital Management LLC lifted its stake in Donnelley Financial Solutions by 34.0% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock valued at $63,976,000 after acquiring an additional 263,570 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its holdings in Donnelley Financial Solutions by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock worth $36,771,000 after acquiring an additional 14,098 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Donnelley Financial Solutions Company Profile

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.