Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Sees Significant Decline in Short Interest

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 25,900,000 shares, a drop of 11.5% from the July 15th total of 29,260,000 shares. Based on an average trading volume of 4,050,000 shares, the short-interest ratio is presently 6.4 days. Currently, 8.9% of the company’s stock are sold short.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a report on Monday, August 5th. StockNews.com lowered shares of Dun & Bradstreet from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a research note on Monday, August 5th. Royal Bank of Canada reduced their target price on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three 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 presently has an average rating of “Hold” and a consensus target price of $13.73.

Institutional Investors Weigh In On Dun & Bradstreet

A number of large investors have recently made changes to their positions in DNB. Parkside Financial Bank & Trust grew its position in Dun & Bradstreet by 7,260.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,797 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 2,759 shares in the last quarter. Signaturefd LLC grew its position in Dun & Bradstreet by 100.7% during the fourth quarter. Signaturefd LLC now owns 3,541 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 1,777 shares in the last quarter. Evermay Wealth Management LLC purchased a new position in Dun & Bradstreet during the first quarter valued at approximately $37,000. Blue Trust Inc. grew its position in Dun & Bradstreet by 129.1% during the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,563 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Dun & Bradstreet during the first quarter valued at approximately $70,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Price Performance

Shares of NYSE DNB traded up $0.05 during midday trading on Monday, reaching $11.96. The company’s stock had a trading volume of 2,780,703 shares, compared to its average volume of 3,751,276. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average price of $10.18 and a 200 day moving average price of $10.11. Dun & Bradstreet has a one year low of $8.68 and a one year high of $12.75. The company has a market cap of $5.29 billion, a price-to-earnings ratio of -149.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The business had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Dun & Bradstreet will post 0.89 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.67%. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

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.