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

Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz bought 5,780 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, September 2nd. The stock was acquired at an average cost of $47.75 per share, for a total transaction of $275,995.00. Following the completion of the acquisition, the director directly owned 24,704 shares in the company, valued at $1,179,616. This represents a 30.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 acquired at an average cost of $48.27 per share, with a total value of $724,050.00.

Donnelley Financial Solutions Price Performance

DFIN traded up $0.97 during trading on Thursday, hitting $48.84. The company’s stock had a trading volume of 198,915 shares, compared to its average volume of 280,134. The firm’s 50 day moving average price is $47.29 and its two-hundred day moving average price is $45.79. 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 has a 12 month low of $36.11 and a 12 month high of $57.37. The stock 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 (NYSE:DFIN) last announced its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The company had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $221.40 million. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DFIN. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. DA Davidson lowered their price target 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. Finally, Needham & Company LLC boosted 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. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Institutional Investors Weigh In On Donnelley Financial Solutions

Institutional investors have recently modified their holdings of the business. First Citizens Bank & Trust Co. raised its stake in shares of Donnelley Financial Solutions by 2.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company’s stock worth $379,000 after buying an additional 220 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of Donnelley Financial Solutions by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 18,256 shares of the company’s stock valued at $939,000 after acquiring an additional 230 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of Donnelley Financial Solutions by 5.0% in the 4th quarter. Lido Advisors LLC now owns 4,857 shares of the company’s stock valued at $244,000 after purchasing an additional 231 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Donnelley Financial Solutions by 3.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company’s stock worth $365,000 after purchasing an additional 232 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Donnelley Financial Solutions by 4.2% during the second quarter. Osaic Holdings Inc. now owns 6,296 shares of the company’s stock worth $367,000 after purchasing an additional 252 shares during the period. Institutional investors and hedge funds 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.