The Manufacturers Life Insurance Company Buys Shares of 10,602 Donnelley Financial Solutions $DFIN

The Manufacturers Life Insurance Company purchased a new position in Donnelley Financial Solutions (NYSE:DFIN) during the 2nd quarter, Holdings Channel reports. The fund purchased 10,602 shares of the company’s stock, valued at approximately $445,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Donnelley Financial Solutions in the 2nd quarter worth $165,182,000. UBS Group AG increased its position in Donnelley Financial Solutions by 188.1% in the fourth quarter. UBS Group AG now owns 134,365 shares of the company’s stock worth $6,274,000 after buying an additional 87,730 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Donnelley Financial Solutions by 8.6% in the fourth quarter. William Blair Investment Management LLC now owns 518,833 shares of the company’s stock worth $24,224,000 after buying an additional 40,968 shares during the period. Deutsche Bank AG bought a new position in shares of Donnelley Financial Solutions in the second quarter worth about $1,598,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Donnelley Financial Solutions by 198.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 71,902 shares of the company’s stock valued at $3,389,000 after buying an additional 47,809 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, Director Joseph Leo Binz purchased 5,780 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average price of $47.75 per share, with a total value of $275,995.00. Following the completion of the purchase, the director directly owned 24,704 shares in the company, valued at $1,179,616. This trade represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of Donnelley Financial Solutions stock opened at $50.89 on Tuesday. The stock has a 50 day moving average of $47.86 and a 200 day moving average of $46.00. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $57.37. The firm has a market cap of $1.25 billion, a PE ratio of 35.10 and a beta of 0.71. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data 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 business had revenue of $224.20 million for the quarter, compared to the consensus estimate 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 was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. On average, research analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Donnelley Financial Solutions 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.