Insider Buying: Donnelley Financial Solutions (NYSE:DFIN) Director Buys $275,995.00 in Stock

Key Points

• Director Joseph Leo Binz purchased $275,995 worth of Donnelley Financial Solutions stock, buying 5,780 shares at an average price of $47.75. The transaction increased his direct ownership by 30.54% to 24,704 shares; he also bought $724,050 worth of shares the previous day.
• Donnelley Financial Solutions recently exceeded quarterly expectations, reporting $1.76 in EPS versus the $1.63 consensus and revenue of $224.2 million. Revenue grew 2.8% year over year, while analysts expect full-year EPS of $4.41.
• Shares traded at $48.84, with analysts maintaining a “Moderate Buy” consensus and an average price target of $61.00. Institutional investors and hedge funds own 93.84% of the company.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) Director Joseph Leo Binz bought 5,780 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average price of $47.75 per share, for a total transaction of $275,995.00. Following the completion of the purchase, the director directly owned 24,704 shares in the company, valued at $1,179,616. The trade was a 30.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 1st, Joseph Leo Binz bought 15,000 shares of Donnelley Financial Solutions stock. The stock was purchased at an average price of $48.27 per share, for a total transaction of $724,050.00.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock traded up $0.97 on Thursday, reaching $48.84. 198,915 shares of the stock were exchanged, compared to its average volume of 280,134. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. Donnelley Financial Solutions has a twelve month low of $36.11 and a twelve month high of $57.37. The firm has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $45.79. The stock has a market cap of $1.20 billion, a PE ratio of 33.68 and a beta of 0.71.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly 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. The company had revenue of $224.20 million for 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 period last year, the business posted $1.49 earnings per share. Sell-side analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen lowered Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 27th. Weiss Ratings restated a "hold (c-)" rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. Needham & Company LLC boosted their target price 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 cut shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, DA Davidson reduced their price target on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Donnelley Financial Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $61.00.

Hedge Funds Weigh In On Donnelley Financial Solutions

Several large investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. grew its holdings in shares of Donnelley Financial Solutions by 2.8% in the 4th 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 increased its position in shares of Donnelley Financial Solutions by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 18,256 shares of the company's stock worth $939,000 after purchasing an additional 230 shares in the last quarter. Lido Advisors LLC lifted its holdings in Donnelley Financial Solutions by 5.0% during the 4th quarter. Lido Advisors LLC now owns 4,857 shares of the company's stock valued at $244,000 after purchasing an additional 231 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Donnelley Financial Solutions by 3.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,825 shares of the company's stock valued at $365,000 after buying an additional 232 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Donnelley Financial Solutions by 4.2% in the second quarter. Osaic Holdings Inc. now owns 6,296 shares of the company's stock valued at $367,000 after buying an additional 252 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.

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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