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

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) shares saw an uptick in trading volume on Thursday . 8,794,438 shares were traded during trading, an increase of 76% from the previous session’s volume of 4,995,785 shares.The stock last traded at $8.72 and had previously closed at $8.72.

Analyst Ratings Changes

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

Dun & Bradstreet Price Performance

The stock’s fifty day moving average is $8.96 and its 200-day moving average is $10.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The stock has a market capitalization of $3.90 billion, a P/E ratio of -145.73, a PEG ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $658.04 million. On average, equities analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued 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 2.29%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

Insider Buying and Selling at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the transaction, the chairman now directly owns 8,109,644 shares in the company, valued at $72,905,699.56. The trade was a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Dun & Bradstreet during the fourth quarter valued at about $42,016,000. Raymond James Financial Inc. bought a new position in Dun & Bradstreet in the fourth quarter worth $26,817,000. Contour Asset Management LLC acquired a new stake in Dun & Bradstreet during the fourth quarter worth $17,018,000. Dimensional Fund Advisors LP increased its holdings in Dun & Bradstreet by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider’s stock valued at $219,566,000 after buying an additional 1,350,263 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Dun & Bradstreet by 2.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider’s stock worth $719,863,000 after acquiring an additional 1,275,959 shares during the period. 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.