Key Points
- Director Joseph Leo Binz significantly increased his stake by purchasing 15,000 DFIN shares for $724,050 at an average of $48.27 per share, followed by another 5,780 shares the next day. His direct ownership rose to 18,924 shares.
- Donnelley Financial Solutions reported quarterly EPS of $1.76, exceeding the $1.63 consensus estimate, while revenue reached $224.2 million and increased 2.8% year over year.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $61, compared with a recent share price of $48.84; institutional investors own 93.84% of the stock.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) Director Joseph Leo Binz acquired 5,780 shares of the stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average price of $47.75 per share, with a total value of $275,995.00. Following the purchase, the director owned 24,704 shares in the company, valued at $1,179,616. This represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Joseph Leo Binz also recently made the following trade(s):
- On Tuesday, September 1st, Joseph Leo Binz acquired 15,000 shares of Donnelley Financial Solutions stock. The shares were acquired at an average price of $48.27 per share, for a total transaction of $724,050.00.
Donnelley Financial Solutions Stock Performance
Shares of DFIN opened at $48.84 on Friday. The business's 50 day moving average is $47.47 and its two-hundred day moving average is $45.86. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $57.37. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 33.68 and a beta of 0.71. 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 - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, beating the consensus estimate 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 company had revenue of $224.20 million during the quarter, compared to analysts' expectations of $221.40 million. During the same period in the prior year, the business posted $1.49 EPS. The business's revenue was up 2.8% on a year-over-year basis. Analysts forecast that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.
Institutional Investors Weigh In On Donnelley Financial Solutions
Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Donnelley Financial Solutions by 13.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company's stock valued at $729,000 after purchasing an additional 2,005 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Donnelley Financial Solutions by 1.7% in 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 buying an additional 1,674 shares during the last quarter. Jane Street Group LLC acquired a new position in Donnelley Financial Solutions in the first quarter worth approximately $2,698,000. Intech Investment Management LLC increased its holdings 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 buying an additional 6,734 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Donnelley Financial Solutions by 22.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 76,988 shares of the company's stock valued at $4,746,000 after acquiring an additional 14,303 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on DFIN shares. Needham & Company LLC lifted their price target 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. Zacks Research downgraded Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Wall Street Zen lowered Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 27th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. One research 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, Donnelley Financial Solutions has an average rating of "Moderate Buy" and a consensus price target of $61.00.
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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.
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