The Manufacturers Life Insurance Company Acquires Shares of 10,602 Donnelley Financial Solutions $DFIN

The Manufacturers Life Insurance Company bought a new position in Donnelley Financial Solutions (NYSE:DFIN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,602 shares of the company’s stock, valued at approximately $445,000.

Several other hedge funds also recently made changes to their positions in DFIN. Keating Financial Advisory Services Inc. bought a new position in Donnelley Financial Solutions in the second quarter worth $29,000. Blue Trust Inc. boosted its holdings in shares of Donnelley Financial Solutions by 109.4% during the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth about $70,000. Vestcor Inc bought a new position in shares of Donnelley Financial Solutions in the 3rd quarter worth about $160,000. Finally, LSV Asset Management lifted its position in Donnelley Financial Solutions by 117.6% during the 4th quarter. LSV Asset Management now owns 3,700 shares of the company’s stock valued at $173,000 after acquiring an additional 2,000 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings raised Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Finally, Needham & Company LLC upped their price target on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Donnelley Financial Solutions Trading Down 0.1%

Donnelley Financial Solutions stock opened at $50.89 on Tuesday. Donnelley Financial Solutions has a one year low of $36.11 and a one year high of $57.37. The business’s fifty day moving average is $47.86 and its 200 day moving average is $46.00. The stock has a market capitalization of $1.25 billion, a PE ratio of 35.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33.

Donnelley Financial Solutions (NYSE:DFIN) last posted 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 net margin of 4.53% and a return on equity of 25.82%. The business had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $221.40 million. During the same quarter in the prior year, the business earned $1.49 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Insider Buying and Selling

In related news, Director Joseph Leo Binz bought 5,780 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of $47.75 per share, for a total transaction of $275,995.00. Following the purchase, the director owned 24,704 shares in the company, valued at approximately $1,179,616. This represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Donnelley Financial Solutions 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.