Joseph Leo Binz Purchases 15,000 Shares of Donnelley Financial Solutions (NYSE:DFIN) Stock

Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of $48.27 per share, for a total transaction of $724,050.00. Following the completion of the acquisition, the director directly owned 18,924 shares of the company’s stock, valued at approximately $913,461.48. This trade represents a 382.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, September 2nd, Joseph Leo Binz acquired 5,780 shares of Donnelley Financial Solutions stock. The stock was purchased at an average price of $47.75 per share, with a total value of $275,995.00.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded up $0.97 on Thursday, reaching $48.84. 198,915 shares of the stock were exchanged, compared to its average volume of 280,134. The business has a 50 day moving average price of $47.29 and a two-hundred day moving average price of $45.79. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 33.68 and a beta of 0.71. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $57.37. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. DA Davidson reduced their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Finally, Needham & Company LLC boosted their price objective on Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth about $165,182,000. UBS Group AG increased its stake in shares of Donnelley Financial Solutions by 188.1% in the 4th quarter. UBS Group AG now owns 134,365 shares of the company’s stock valued at $6,274,000 after purchasing an additional 87,730 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Donnelley Financial Solutions by 8.6% in the 4th quarter. William Blair Investment Management LLC now owns 518,833 shares of the company’s stock worth $24,224,000 after purchasing an additional 40,968 shares during the period. Deutsche Bank AG acquired a new position in Donnelley Financial Solutions in the 2nd quarter worth about $1,598,000. Finally, Royce & Associates LP boosted its position in Donnelley Financial Solutions by 36.0% during the fourth quarter. Royce & Associates LP now owns 590,136 shares of the company’s stock worth $27,553,000 after purchasing an additional 156,059 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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.