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

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw strong trading volume on Tuesday . 1,997,857 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 2,681,719 shares.The stock last traded at $11.04 and had previously closed at $11.21.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $17.00 target price on shares of Dun & Bradstreet in a report on Friday, November 1st. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.13.

Dun & Bradstreet Stock Up 0.6 %

The company’s 50 day moving average price is $12.25 and its two-hundred day moving average price is $11.55. The firm has a market cap of $4.99 billion, a PE ratio of -141.19, a PEG ratio of 2.64 and a beta of 1.15. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The company had revenue of $609.10 million for the quarter, compared to analysts’ expectations of $605.64 million. During the same quarter in the previous year, the company earned $0.23 EPS. Dun & Bradstreet’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.77%. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

Institutional Trading of Dun & Bradstreet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC increased its holdings in Dun & Bradstreet by 15.5% in the 4th quarter. Park Avenue Securities LLC now owns 60,548 shares of the business services provider’s stock valued at $754,000 after acquiring an additional 8,103 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Dun & Bradstreet by 3.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,209,101 shares of the business services provider’s stock valued at $15,065,000 after acquiring an additional 42,320 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dun & Bradstreet by 15.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,677,399 shares of the business services provider’s stock valued at $53,853,000 after acquiring an additional 639,419 shares during the last quarter. Barclays PLC increased its holdings in Dun & Bradstreet by 144.9% in the 3rd quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock valued at $13,728,000 after acquiring an additional 705,707 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Dun & Bradstreet in the 3rd quarter valued at $120,000. 86.68% of the stock is currently owned by institutional investors.

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.