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

Donnelley Financial Solutions (NYSE:DFINGet Free Report) Director Joseph Leo Binz bought 15,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of $48.27 per share, with a total value of $724,050.00. Following the completion of the purchase, the director owned 18,924 shares of the company’s stock, valued at approximately $913,461.48. The trade was a 382.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

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

Donnelley Financial Solutions Price Performance

DFIN opened at $48.84 on Friday. 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 current ratio of 1.33 and a quick ratio of 1.33. The company’s 50 day simple moving average is $47.47 and its 200-day simple moving average is $45.86. The stock has a market capitalization of $1.20 billion, a P/E ratio of 33.68 and a beta of 0.71.

Donnelley Financial Solutions (NYSE:DFINGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The firm had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $221.40 million. During the same quarter in the previous year, the company posted $1.49 EPS. Donnelley Financial Solutions’s revenue was up 2.8% on a year-over-year basis. Sell-side analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Institutional Trading of Donnelley Financial Solutions

Several institutional investors and hedge funds have recently made changes to their positions in DFIN. BlackRock Inc. acquired a new position in Donnelley Financial Solutions during the second quarter valued at approximately $165,182,000. UBS Group AG raised its holdings in Donnelley Financial Solutions by 188.1% in the fourth quarter. UBS Group AG now owns 134,365 shares of the company’s stock worth $6,274,000 after purchasing an additional 87,730 shares during the period. William Blair Investment Management LLC boosted its position in shares of Donnelley Financial Solutions by 8.6% during the fourth quarter. William Blair Investment Management LLC now owns 518,833 shares of the company’s stock worth $24,224,000 after purchasing an additional 40,968 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Donnelley Financial Solutions during the second quarter worth $1,598,000. Finally, Royce & Associates LP grew its holdings in shares of Donnelley Financial Solutions by 36.0% in the 4th quarter. Royce & Associates LP now owns 590,136 shares of the company’s stock valued at $27,553,000 after buying an additional 156,059 shares during the period. Institutional investors own 93.84% of the company’s stock.

Analyst Ratings Changes

DFIN has been the topic of several research reports. Zacks Research lowered Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Friday, June 12th. Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Needham & Company LLC upped their target price on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One research 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, Donnelley Financial Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Read Our Latest Report on DFIN

About Donnelley Financial Solutions

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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.

Further Reading

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