WINTON GROUP Ltd Acquires Shares of 67,059 Donnelley Financial Solutions $DFIN

WINTON GROUP Ltd bought a new position in shares of Donnelley Financial Solutions (NYSE:DFIN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 67,059 shares of the company’s stock, valued at approximately $2,813,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DFIN. BlackRock Inc. acquired a new position in Donnelley Financial Solutions in the 2nd quarter worth about $165,182,000. California State Teachers Retirement System raised its stake in shares of 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. Alberta Investment Management Corp purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter valued at approximately $44,157,000. Simcoe Capital Management LLC lifted its position in shares of Donnelley Financial Solutions by 34.0% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock valued at $63,976,000 after buying an additional 263,570 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Donnelley Financial Solutions by 1.8% in the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock valued at $36,771,000 after acquiring an additional 14,098 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Insider Activity at Donnelley Financial Solutions

In other news, Director Joseph Leo Binz purchased 15,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $48.27 per share, with a total value of $724,050.00. Following the transaction, the director owned 18,924 shares in the company, valued at $913,461.48. The trade was a 382.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Donnelley Financial Solutions Trading Down 1.0%

DFIN opened at $47.88 on Friday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 33.02 and a beta of 0.71. The company’s 50 day simple moving average is $48.19 and its two-hundred day simple moving average is $46.02. Donnelley Financial Solutions has a 1-year low of $36.11 and a 1-year high of $56.26. 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 (NYSE:DFIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $224.20 million during the quarter, compared to analyst estimates of $221.40 million. During the same period in the prior year, the business earned $1.49 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DFIN. Needham & Company LLC upped 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. 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. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Finally, Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Donnelley Financial Solutions has an average rating of “Moderate Buy” and an average price target of $61.00.

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.