Joseph Leo Binz Acquires 15,000 Shares of Donnelley Financial Solutions (NYSE:DFIN) Stock

Donnelley Financial Solutions (NYSE:DFIN) Director Joseph Leo Binz purchased 15,000 shares of the business’s stock in a transaction on 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 purchase, the director owned 18,924 shares of the company’s stock, valued at $913,461.48. This trade represents a 382.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, September 2nd, Joseph Leo Binz acquired 5,780 shares of Donnelley Financial Solutions stock. The shares were bought at an average cost of $47.75 per share, with a total value of $275,995.00.

Donnelley Financial Solutions Trading Up 3.7%

DFIN stock opened at $50.89 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 35.10 and a beta of 0.71. The business has a fifty day simple moving average of $47.68 and a 200-day simple moving average of $45.90. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $57.37.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share 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 firm had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $221.40 million. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. 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. Needham & Company LLC increased 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 downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of DFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Donnelley Financial Solutions by 13.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company’s stock worth $729,000 after acquiring an additional 2,005 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Donnelley Financial Solutions by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,954 shares of the company’s stock worth $4,456,000 after purchasing an additional 1,674 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Donnelley Financial Solutions during the first quarter worth $2,698,000. Intech Investment Management LLC boosted its stake in shares of Donnelley Financial Solutions by 34.4% in the first quarter. Intech Investment Management LLC now owns 26,290 shares of the company’s stock valued at $1,149,000 after purchasing an additional 6,734 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Donnelley Financial Solutions by 22.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 76,988 shares of the company’s stock valued at $4,746,000 after purchasing an additional 14,303 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

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.