Donnelley Financial Solutions (NYSE:DFIN) Director Purchases $724,050.00 in Stock

Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $48.27 per share, for a total transaction of $724,050.00. Following the acquisition, the director owned 18,924 shares in the company, valued at approximately $913,461.48. The trade was a 382.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Donnelley Financial Solutions Trading Up 3.7%

Donnelley Financial Solutions stock opened at $50.89 on Friday. The business 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 market cap of $1.25 billion, a P/E ratio of 35.10 and a beta of 0.71. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week 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 posted its quarterly earnings data on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $224.20 million during 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%.Donnelley Financial Solutions’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 EPS. Analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

DFIN has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Zacks Research cut shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Needham & Company LLC increased their price objective on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 31st. One equities research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

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.