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

Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz bought 5,780 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 24,704 shares of the company’s stock, valued at approximately $1,179,616. This represents a 30.54% increase in their ownership of the stock. The acquisition 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 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 Up 3.7%

NYSE DFIN opened at $50.89 on Friday. The business has a fifty day moving average price of $47.68 and a 200 day moving average price of $45.90. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $57.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.33. 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 (NYSE:DFIN) last announced its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 EPS. Research analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Institutional Trading of Donnelley Financial Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new position in Donnelley Financial Solutions in the second quarter worth approximately $29,000. Blue Trust Inc. raised its holdings in Donnelley Financial Solutions by 109.4% in the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after buying an additional 336 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Donnelley Financial Solutions in the second quarter valued at about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Donnelley Financial Solutions during the fourth quarter worth about $70,000. Finally, Vestcor Inc purchased a new position in Donnelley Financial Solutions during the third quarter worth about $160,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DFIN shares. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Needham & Company LLC raised their target price on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment 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, the company has a consensus rating of “Moderate Buy” and an average target price 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.