Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz Acquires 5,780 Shares of Stock

Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz bought 5,780 shares of Donnelley Financial Solutions stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $47.75 per share, for a total transaction of $275,995.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Donnelley Financial Solutions Stock Performance

Shares of NYSE:DFIN opened at $48.84 on Friday. The business has a 50-day moving average of $47.47 and a two-hundred day moving average of $45.86. The firm has a market capitalization of $1.20 billion, a PE ratio of 33.68 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $57.37.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $224.20 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.49 EPS. As a group, research analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DFIN. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. 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. Finally, Needham & Company LLC upped their price target 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Donnelley Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Institutional Trading of Donnelley Financial Solutions

Hedge funds have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Donnelley Financial Solutions in the second quarter valued at $1,225,000. California State Teachers Retirement System increased its stake in Donnelley Financial Solutions by 2,974.1% during the 2nd quarter. California State Teachers Retirement System now owns 1,097,160 shares of the company’s stock worth $46,026,000 after buying an additional 1,061,469 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Donnelley Financial Solutions during the 2nd quarter worth $34,000. Bank of America Corp DE acquired a new position in Donnelley Financial Solutions in the 2nd quarter worth $5,608,000. Finally, Freestone Grove Partners LP acquired a new position in Donnelley Financial Solutions in the 2nd quarter worth $492,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

About Donnelley Financial Solutions

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.