TimesSquare Capital Management LLC reduced its position in Dun & Bradstreet Corp (NYSE:DNB) by 18.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 229,530 shares of the business services provider’s stock after selling 53,220 shares during the quarter. TimesSquare Capital Management LLC owned about 0.62% of Dun & Bradstreet worth $26,720,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in Dun & Bradstreet by 20.2% in the 2nd quarter. BlackRock Inc. now owns 3,050,058 shares of the business services provider’s stock valued at $329,861,000 after buying an additional 511,579 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Dun & Bradstreet by 52.5% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,735,371 shares of the business services provider’s stock worth $187,680,000 after purchasing an additional 597,297 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Dun & Bradstreet by 3.0% during the 3rd quarter. Bessemer Group Inc. now owns 1,323,140 shares of the business services provider’s stock worth $154,027,000 after purchasing an additional 38,076 shares in the last quarter. Glenview Capital Management LLC purchased a new stake in shares of Dun & Bradstreet during the 2nd quarter worth $108,776,000. Finally, Shapiro Capital Management LLC purchased a new stake in shares of Dun & Bradstreet during the 2nd quarter worth $98,786,000. 90.35% of the stock is currently owned by institutional investors.
DNB has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Thursday, August 24th. Barclays PLC upgraded shares of Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $105.00 to $125.00 in a research report on Monday, November 13th. Goldman Sachs Group Inc assumed coverage on shares of Dun & Bradstreet in a research report on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 price objective on the stock. Finally, Robert W. Baird decreased their price objective on shares of Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $125.75.
Shares of Dun & Bradstreet Corp (NYSE:DNB) opened at $120.35 on Monday. Dun & Bradstreet Corp has a 1 year low of $100.46 and a 1 year high of $125.57. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of -1.93. The company has a market cap of $4,450.00, a PE ratio of 16.88, a P/E/G ratio of 1.87 and a beta of 1.26.
Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.21. The firm had revenue of $428.30 million during the quarter, compared to analyst estimates of $428.81 million. During the same period in the previous year, the firm posted $1.79 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. analysts anticipate that Dun & Bradstreet Corp will post 7.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be paid a $0.5025 dividend. This represents a $2.01 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, November 21st. Dun & Bradstreet’s payout ratio is 37.92%.
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Dun & Bradstreet Company Profile
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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