29,200 Shares in Donnelley Financial Solutions $DFIN Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Donnelley Financial Solutions (NYSE:DFIN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,200 shares of the company’s stock, valued at approximately $1,225,000.

Other large investors have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at about $29,000. Blue Trust Inc. increased its position in shares of Donnelley Financial Solutions by 109.4% in the first quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $30,000 after purchasing an additional 336 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Donnelley Financial Solutions in the second quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Donnelley Financial Solutions in the fourth quarter valued at approximately $70,000. Finally, Vestcor Inc bought a new stake in Donnelley Financial Solutions during the third quarter valued at approximately $160,000. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN opened at $47.88 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.18 billion, a PE ratio of 33.02 and a beta of 0.71. The company’s fifty day moving average is $48.19 and its 200 day moving average is $46.02. Donnelley Financial Solutions has a 52 week low of $36.11 and a 52 week high of $56.26.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $221.40 million. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. Research analysts anticipate that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

Wall Street Analyst Weigh In

DFIN has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings raised shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a 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. Finally, Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Insiders Place Their Bets

In related news, Director Joseph Leo Binz purchased 5,780 shares of Donnelley Financial Solutions stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average cost of $47.75 per share, for a total transaction of $275,995.00. Following the transaction, the director directly owned 24,704 shares in the company, valued at $1,179,616. The trade was a 30.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is owned by corporate insiders.

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.