WINTON GROUP Ltd Buys Shares of 67,059 Donnelley Financial Solutions $DFIN

Key Points

• WINTON GROUP Ltd acquired 67,059 shares of Donnelley Financial Solutions in the second quarter, valued at approximately $2.8 million, giving it a 0.27% stake. Institutional investors collectively own 93.84% of DFIN.
• Donnelley Financial Solutions beat quarterly expectations, reporting $1.76 EPS versus the $1.63 consensus and $224.2 million in revenue, up 2.8% year over year. Analysts expect full-year EPS of $4.41.
• DFIN carries a “Moderate Buy” consensus rating with an average price target of $61, compared with a recent share price of $47.88. Director Joseph Leo Binz also purchased 15,000 shares for approximately $724,050.

WINTON GROUP Ltd acquired a new stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 67,059 shares of the company's stock, valued at approximately $2,813,000. WINTON GROUP Ltd owned about 0.27% of Donnelley Financial Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Citizens Bank & Trust Co. grew its holdings in shares of Donnelley Financial Solutions by 2.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 8,120 shares of the company's stock worth $379,000 after purchasing an additional 220 shares during the last quarter. Gotham Asset Management LLC boosted its position in Donnelley Financial Solutions by 1.3% in the 3rd quarter. Gotham Asset Management LLC now owns 18,256 shares of the company's stock valued at $939,000 after buying an additional 230 shares during the period. Lido Advisors LLC grew its stake in Donnelley Financial Solutions by 5.0% in the 4th quarter. Lido Advisors LLC now owns 4,857 shares of the company's stock worth $244,000 after acquiring an additional 231 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Donnelley Financial Solutions by 3.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company's stock worth $365,000 after acquiring an additional 232 shares during the period. Finally, Osaic Holdings Inc. increased its position in shares of Donnelley Financial Solutions by 4.2% during the second quarter. Osaic Holdings Inc. now owns 6,296 shares of the company's stock worth $367,000 after acquiring an additional 252 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $47.88 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.18 billion, a PE ratio of 33.02 and a beta of 0.71. The stock has a fifty day moving average price of $48.19 and a 200-day moving average price of $46.02. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $56.26.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.76 earnings per share (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 firm had revenue of $224.20 million for the quarter, compared to the consensus estimate of $221.40 million. During the same period in the prior year, the firm earned $1.49 EPS. The firm's revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DFIN has been the topic of several research analyst reports. 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 lowered Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Weiss Ratings raised shares of Donnelley Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. Finally, Needham & Company LLC raised 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 analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Donnelley Financial Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $61.00.

Insider Activity

In related news, Director Joseph Leo Binz bought 15,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $48.27 per share, for a total transaction of $724,050.00. Following the completion of the purchase, the director directly owned 18,924 shares of the company's stock, valued at $913,461.48. This represents a 382.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by company insiders.

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.

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