Federated Hermes Inc. Lowers Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Federated Hermes Inc. decreased its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 98,795 shares of the business services provider’s stock after selling 2,400 shares during the period. Federated Hermes Inc.’s holdings in Dun & Bradstreet were worth $1,231,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its holdings in Dun & Bradstreet by 7,875.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider’s stock worth $402,000 after purchasing an additional 31,894 shares in the last quarter. State Street Corp increased its stake in shares of Dun & Bradstreet by 9.8% in the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock worth $60,167,000 after acquiring an additional 468,027 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Dun & Bradstreet during the 4th quarter valued at about $323,000. Charles Schwab Investment Management Inc. boosted its stake in Dun & Bradstreet by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider’s stock worth $50,785,000 after acquiring an additional 99,795 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Dun & Bradstreet by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock worth $20,655,000 after purchasing an additional 141,054 shares during the period. Institutional investors own 86.68% of the company’s stock.

Insider Buying and Selling at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the sale, the chairman now owns 8,109,644 shares of the company’s stock, valued at $72,905,699.56. The trade was a 23.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.44% of the company’s stock.

Dun & Bradstreet Trading Up 1.6 %

Dun & Bradstreet stock opened at $8.77 on Tuesday. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.95. The business’s fifty day moving average is $9.17 and its 200 day moving average is $10.95. The stock has a market capitalization of $3.92 billion, a PE ratio of -146.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The company had revenue of $631.90 million for the quarter, compared to analysts’ expectations of $658.04 million. On average, sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently announced 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 2.28%. Dun & Bradstreet’s payout ratio is -333.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. StockNews.com began coverage on Dun & Bradstreet in a report on Friday. They issued a “hold” rating on the stock. Needham & Company LLC restated a “hold” rating and set a $14.00 price target on shares of Dun & Bradstreet in a report on Monday, March 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group cut their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.86.

Dun & Bradstreet 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.