Fmr LLC Raises Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Fmr LLC boosted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 17.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,465,075 shares of the business services provider’s stock after purchasing an additional 1,733,220 shares during the quarter. Fmr LLC owned about 2.60% of Dun & Bradstreet worth $131,963,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in Dun & Bradstreet by 5.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider’s stock valued at $650,292,000 after buying an additional 3,144,458 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Dun & Bradstreet by 7.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock worth $242,690,000 after purchasing an additional 1,451,705 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Dun & Bradstreet by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,665,247 shares of the business services provider’s stock worth $135,796,000 after purchasing an additional 1,809,638 shares in the last quarter. Crescent Grove Advisors LLC grew its position in Dun & Bradstreet by 2.2% during the 3rd quarter. Crescent Grove Advisors LLC now owns 6,176,103 shares of the business services provider’s stock valued at $71,087,000 after purchasing an additional 130,888 shares during the last quarter. Finally, Vulcan Value Partners LLC increased its stake in Dun & Bradstreet by 26.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 5,206,280 shares of the business services provider’s stock valued at $48,210,000 after purchasing an additional 1,099,217 shares in the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Price Performance

NYSE DNB opened at $12.59 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a 1-year low of $8.77 and a 1-year high of $12.94. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of -157.38, a PEG ratio of 3.52 and a beta of 1.16. The business’s fifty day moving average price is $11.76 and its 200-day moving average price is $10.97.

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

Dun & Bradstreet Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.83.

Dun & Bradstreet Company Profile

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.