Dun & Bradstreet (NYSE:DNB) Trading Up 12.5%

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) shot up 12.5% during trading on Friday . The stock traded as high as $11.74 and last traded at $11.58. 2,432,633 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 3,575,360 shares. The stock had previously closed at $10.29.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DNB shares. 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 report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Tuesday, May 14th. Finally, Jefferies Financial Group dropped their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dun & Bradstreet has an average rating of “Moderate Buy” and an average target price of $13.44.

Dun & Bradstreet Stock Performance

The company has a market cap of $5.23 billion, a P/E ratio of -147.75, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15. The business has a 50 day moving average price of $9.64 and a two-hundred day moving average price of $10.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.62 and a current ratio of 0.62.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Dun & Bradstreet had a negative net margin of 1.56% and a positive return on equity of 10.99%. The business had revenue of $564.50 million for the quarter, compared to analyst estimates of $567.77 million. On average, sell-side analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.89 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, September 19th. Investors of record on Thursday, September 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 5th. Dun & Bradstreet’s payout ratio is -250.00%.

Hedge Funds Weigh In On Dun & Bradstreet

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in Dun & Bradstreet by 0.3% during the 4th quarter. Russell Investments Group Ltd. now owns 299,666 shares of the business services provider’s stock valued at $3,506,000 after acquiring an additional 908 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Dun & Bradstreet by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 120,806 shares of the business services provider’s stock valued at $1,413,000 after purchasing an additional 1,180 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Dun & Bradstreet by 6.9% in the 2nd quarter. OLD National Bancorp IN now owns 19,931 shares of the business services provider’s stock worth $185,000 after purchasing an additional 1,286 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Dun & Bradstreet by 12.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,708 shares of the business services provider’s stock worth $127,000 after buying an additional 1,533 shares during the last quarter. Finally, Signaturefd LLC increased its position in Dun & Bradstreet by 100.7% during the 4th quarter. Signaturefd LLC now owns 3,541 shares of the business services provider’s stock valued at $41,000 after buying an additional 1,777 shares in the last quarter. 86.68% of the stock is owned by institutional investors.

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.