Dun & Bradstreet (NYSE:DNB) Sees Strong Trading Volume – Here’s What Happened

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw unusually-strong trading volume on Monday . Approximately 18,277,137 shares changed hands during mid-day trading, an increase of 437% from the previous session’s volume of 3,405,545 shares.The stock last traded at $9.00 and had previously closed at $8.73.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DNB shares. Needham & Company LLC decreased their price objective on Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group decreased their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.50.

Dun & Bradstreet Trading Up 2.9 %

The company has a 50 day moving average of $10.21 and a 200 day moving average of $11.29. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -149.64, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. As a group, research analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.23%. Dun & Bradstreet’s payout ratio is -333.33%.

Hedge Funds Weigh In On Dun & Bradstreet

Several institutional investors have recently bought and sold shares of the business. Amundi raised its position in Dun & Bradstreet by 27.9% in the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 1,126 shares during the last quarter. Cetera Investment Advisers raised its position in Dun & Bradstreet by 5.5% in the 4th quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 1,240 shares during the last quarter. Xponance Inc. raised its position in shares of Dun & Bradstreet by 16.5% during the fourth quarter. Xponance Inc. now owns 13,252 shares of the business services provider’s stock worth $165,000 after acquiring an additional 1,881 shares during the last quarter. Cerity Partners LLC raised its position in shares of Dun & Bradstreet by 10.1% during the fourth quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider’s stock worth $259,000 after acquiring an additional 1,909 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of Dun & Bradstreet by 8.7% during the fourth quarter. Truist Financial Corp now owns 24,420 shares of the business services provider’s stock worth $304,000 after acquiring an additional 1,958 shares during the last quarter. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.