AlphaCore Capital LLC Purchases New Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

AlphaCore Capital LLC acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,564 shares of the business services provider’s stock, valued at approximately $156,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Dun & Bradstreet by 129.1% in the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after purchasing an additional 2,563 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Dun & Bradstreet by 85.1% in the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock valued at $81,000 after buying an additional 4,000 shares during the period. Xponance Inc. bought a new position in Dun & Bradstreet during the second quarter worth about $100,000. Innealta Capital LLC acquired a new position in shares of Dun & Bradstreet during the 1st quarter worth about $113,000. Finally, KBC Group NV increased its stake in shares of Dun & Bradstreet by 33.9% in the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 2,499 shares during the last quarter. 86.68% of the stock is owned by institutional investors.

Dun & Bradstreet Stock Up 1.7 %

NYSE:DNB opened at $12.59 on Friday. The company has a market cap of $5.56 billion, a PE ratio of -157.38, a PEG ratio of 3.32 and a beta of 1.15. The stock has a 50-day simple moving average of $11.61 and a 200 day simple moving average of $10.87. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a 52-week low of $8.77 and a 52-week high of $12.75.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $609.10 million for the quarter, compared to the consensus estimate of $605.64 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. On average, sell-side analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s payout ratio is -250.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DNB. Barclays boosted their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Royal Bank of Canada decreased their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Dun & Bradstreet presently has an average rating of “Moderate Buy” and a consensus price target of $13.83.

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.