Confluence Investment Management LLC increased its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,596,458 shares of the business services provider's stock after purchasing an additional 24,564 shares during the period. Confluence Investment Management LLC owned 0.60% of Dun & Bradstreet worth $39,025,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of DNB. Advisor Group Holdings Inc. raised its position in shares of Dun & Bradstreet by 287.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider's stock valued at $48,000 after purchasing an additional 2,040 shares during the period. MetLife Investment Management LLC purchased a new stake in Dun & Bradstreet in the 1st quarter worth $56,000. PNC Financial Services Group Inc. lifted its stake in Dun & Bradstreet by 5,483.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider's stock worth $70,000 after purchasing an additional 3,893 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Dun & Bradstreet in the 1st quarter worth $82,000. Finally, US Bancorp DE purchased a new stake in Dun & Bradstreet in the 1st quarter worth $96,000. 85.43% of the stock is currently owned by institutional investors.
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Dun & Bradstreet Stock Performance
Shares of NYSE:DNB opened at $14.31 on Monday. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of -238.46, a PEG ratio of 2.18 and a beta of 0.74. Dun & Bradstreet Holdings, Inc. has a 12 month low of $13.67 and a 12 month high of $21.15. The firm's 50-day moving average is $15.20 and its 200 day moving average is $15.87. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01.
Dun & Bradstreet (NYSE:DNB – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $537.30 million for the quarter, compared to the consensus estimate of $535.92 million. Dun & Bradstreet had a negative net
margin of 1.27% and a positive return on equity of 11.94%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Research analysts predict that Dun & Bradstreet Holdings, Inc. will post 1.05 EPS for the current year.
Dun & Bradstreet Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.20 annualized dividend and a yield of 1.40%. Dun & Bradstreet's payout ratio is -333.28%.
Insiders Place Their Bets
In other Dun & Bradstreet news, Director Cannae Holdings, Inc. sold 1,357,665 shares of the company's stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $13.65, for a total value of $18,532,127.25. Following the transaction, the director now directly owns 79,048,691 shares in the company, valued at approximately $1,079,014,632.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dun & Bradstreet news, Director Richard N. Massey sold 100,000 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.90, for a total value of $1,490,000.00. Following the transaction, the director now directly owns 199,882 shares in the company, valued at approximately $2,978,241.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cannae Holdings, Inc. sold 1,357,665 shares of the stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $13.65, for a total transaction of $18,532,127.25. Following the transaction, the director now owns 79,048,691 shares in the company, valued at $1,079,014,632.15. The disclosure for this sale can be found here. Insiders have sold 9,329,350 shares of company stock worth $128,730,097 in the last three months. Corporate insiders own 9.60% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Dun & Bradstreet in a research note on Wednesday, July 13th. They issued an "overweight" rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dun & Bradstreet from $20.00 to $18.00 in a research note on Friday, July 29th. Barclays decreased their price target on shares of Dun & Bradstreet from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, July 1st. Bank of America upgraded shares of Dun & Bradstreet from an "underperform" rating to a "neutral" rating and upped their target price for the company from $16.00 to $17.00 in a research report on Wednesday, July 6th. Finally, Royal Bank of Canada cut shares of Dun & Bradstreet from an "outperform" rating to a "sector perform" rating and upped their target price for the company from $16.00 to $18.00 in a research report on Monday, June 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.33.
Dun & Bradstreet Company Profile
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Dun & Bradstreet Holdings, Inc provides business decisioning data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision making; D&B Small Business, a suite of powerful tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and InfoTorg, an online SaaS application.
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