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

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw an uptick in trading volume on Monday . 18,277,137 shares changed hands during trading, an increase of 437% from the previous session’s volume of 3,405,545 shares.The stock last traded at $9.00 and had previously closed at $8.73.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DNB. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Needham & Company LLC decreased their target price on Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group decreased their target price on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet Price Performance

The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -149.64, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The stock has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $11.29.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The business had revenue of $631.90 million for the quarter, compared to analyst estimates of $658.04 million. On average, equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

Institutional Investors Weigh In On Dun & Bradstreet

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi raised its stake in shares of Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,126 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Dun & Bradstreet in the 4th quarter valued at approximately $96,000. Paloma Partners Management Co bought a new position in Dun & Bradstreet in the 3rd quarter worth approximately $117,000. Y Intercept Hong Kong Ltd bought a new position in Dun & Bradstreet in the 3rd quarter worth approximately $120,000. Finally, Empowered Funds LLC bought a new position in Dun & Bradstreet in the 4th quarter worth approximately $127,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

About Dun & Bradstreet

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.