Invenomic Capital Management LP Buys 142,614 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Invenomic Capital Management LP raised its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,190,800 shares of the business services provider’s stock after buying an additional 142,614 shares during the period. Dun & Bradstreet accounts for 1.4% of Invenomic Capital Management LP’s investment portfolio, making the stock its 19th biggest holding. Invenomic Capital Management LP’s holdings in Dun & Bradstreet were worth $25,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Dun & Bradstreet by 129.1% in the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after buying an additional 2,563 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Dun & Bradstreet by 85.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after acquiring an additional 4,000 shares during the period. Xponance Inc. purchased a new stake in Dun & Bradstreet in the 2nd quarter worth about $100,000. KBC Group NV raised its stake in 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 period. Finally, Paloma Partners Management Co purchased a new stake in Dun & Bradstreet during the third quarter valued at about $117,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on DNB shares. The Goldman Sachs Group boosted their price target on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a report on Friday, November 1st. Barclays increased their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their price objective on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.83.

Dun & Bradstreet Trading Down 0.2 %

Shares of Dun & Bradstreet stock opened at $12.67 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50 day simple moving average of $11.74 and a two-hundred day simple moving average of $10.96. Dun & Bradstreet Holdings, Inc. has a 1 year low of $8.77 and a 1 year high of $12.94. The firm has a market cap of $5.59 billion, a PE ratio of -158.38, a PEG ratio of 3.53 and a beta of 1.16.

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

Dun & Bradstreet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.58%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

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.