Dun & Bradstreet (NYSE:DNB) Shares Gap Down to $10.88

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) gapped down prior to trading on Thursday . The stock had previously closed at $10.88, but opened at $10.10. Dun & Bradstreet shares last traded at $10.14, with a volume of 578,222 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on DNB. Jefferies Financial Group lowered their target price on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of Dun & Bradstreet in a report on Tuesday, May 14th. Finally, Royal Bank of Canada cut their price target on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.44.

Dun & Bradstreet Price Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.62. The firm has a 50-day moving average of $9.68 and a 200 day moving average of $10.12.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $564.50 million during the quarter, compared to the consensus estimate of $567.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. As a group, sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, September 5th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

Institutional Trading of Dun & Bradstreet

Hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in Dun & Bradstreet by 19.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 42,420,747 shares of the business services provider’s stock worth $496,323,000 after purchasing an additional 6,893,645 shares during the last quarter. Norges Bank acquired a new position in Dun & Bradstreet in the fourth quarter valued at approximately $35,820,000. Allspring Global Investments Holdings LLC boosted its stake in Dun & Bradstreet by 17.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 19,633,433 shares of the business services provider’s stock valued at $181,806,000 after acquiring an additional 2,983,677 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Dun & Bradstreet during the 1st quarter worth $29,736,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Dun & Bradstreet by 34.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,737,345 shares of the business services provider’s stock valued at $113,929,000 after acquiring an additional 2,510,422 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business 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 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 D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.