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

Key Points

• Director Joseph Leo Binz purchased 15,000 DFIN shares for $724,050, increasing his direct ownership by 382.26%; he also bought 5,780 additional shares the following day.
• Donnelley Financial Solutions shares rose 2.0% to $48.84. The company recently beat quarterly earnings and revenue estimates, reporting $1.76 in EPS and $224.2 million in revenue.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $61.00, while institutional investors and hedge funds own 93.84% of the stock.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) Director Joseph Leo Binz purchased 15,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average cost of $48.27 per share, for a total transaction of $724,050.00. Following the transaction, the director directly owned 18,924 shares in the company, valued at approximately $913,461.48. This represents a 382.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, September 2nd, Joseph Leo Binz acquired 5,780 shares of Donnelley Financial Solutions stock. The stock was purchased at an average price of $47.75 per share, with a total value of $275,995.00.

Donnelley Financial Solutions Stock Up 2.0%

Shares of DFIN stock traded up $0.97 on Thursday, hitting $48.84. The stock had a trading volume of 198,915 shares, compared to its average volume of 280,134. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $57.37. The business has a 50 day moving average price of $47.29 and a 200 day moving average price of $45.79. The company has a market cap of $1.20 billion, a PE 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 posted its quarterly 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. The business had revenue of $224.20 million during the quarter, compared to analyst estimates of $221.40 million. Donnelley Financial Solutions had a net margin of 4.53% and a return on equity of 25.82%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. Research analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of Donnelley Financial Solutions by 109.4% during the first quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $30,000 after acquiring an additional 336 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in Donnelley Financial Solutions in the 2nd quarter worth approximately $29,000. Public Employees Retirement System of Ohio purchased a new stake in Donnelley Financial Solutions during the 2nd quarter worth approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Donnelley Financial Solutions during the 4th quarter valued at approximately $70,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Donnelley Financial Solutions by 64.0% in the second quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company's stock worth $183,000 after buying an additional 1,160 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on DFIN shares. Needham & Company LLC boosted their price target on Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. DA Davidson reduced their target price 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. Wall Street Zen lowered shares of Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 27th. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Donnelley Financial Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $61.00.

Donnelley Financial Solutions Company Profile

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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