VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 29,200 Donnelley Financial Solutions $DFIN

Key Points

• Virginia Retirement Systems acquired 29,200 shares of Donnelley Financial Solutions in the second quarter, valued at approximately $1.23 million and representing about 0.12% of the company.
• Institutional investors own 93.84% of DFIN, with BlackRock, California State Teachers Retirement System and Alberta Investment Management among those adding significant positions.
• Donnelley Financial Solutions exceeded quarterly earnings expectations, reporting $1.76 in EPS versus the $1.63 estimate and $224.2 million in revenue; analysts maintain a “Moderate Buy” consensus with a $61 price target.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,200 shares of the company's stock, valued at approximately $1,225,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.12% of Donnelley Financial Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Donnelley Financial Solutions during the second quarter valued at approximately $165,182,000. California State Teachers Retirement System raised its position in Donnelley Financial Solutions by 2,974.1% in the 2nd quarter. California State Teachers Retirement System now owns 1,097,160 shares of the company's stock valued at $46,026,000 after buying an additional 1,061,469 shares during the last quarter. Alberta Investment Management Corp bought a new position in Donnelley Financial Solutions during the 2nd quarter valued at $44,157,000. Simcoe Capital Management LLC boosted its holdings in 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 worth $63,976,000 after acquiring an additional 263,570 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its holdings in Donnelley Financial Solutions by 1.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company's stock worth $36,771,000 after acquiring an additional 14,098 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joseph Leo Binz acquired 5,780 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average cost of $47.75 per share, for a total transaction of $275,995.00. Following the completion of the transaction, the director owned 24,704 shares of the company's stock, valued at $1,179,616. The trade was a 30.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.20% of the company's stock.

Donnelley Financial Solutions Price Performance

Donnelley Financial Solutions stock opened at $47.88 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 33.02 and a beta of 0.71. Donnelley Financial Solutions has a one year low of $36.11 and a one 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. The business has a fifty day moving average price of $48.19 and a 200-day moving average price of $46.02.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS. As a group, equities research analysts forecast that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings raised Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. Wall Street Zen cut Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 27th. Zacks Research downgraded shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Finally, Needham & Company LLC increased their price target 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 investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Donnelley Financial Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc NYSE: DFIN provides software and technology-enabled services for companies and investment firms involved in public and private capital markets. Its solutions are designed to help clients prepare, manage, file and distribute financial and regulatory information while supporting compliance and investor communications.

The company's offerings include SEC reporting and compliance software, transaction and filing services, financial communication solutions, and technology for investment companies and alternative investment managers.

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