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

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw unusually-high trading volume on Tuesday . Approximately 1,997,857 shares changed hands during 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.

Analysts Set New Price Targets

DNB has been the subject of several recent analyst reports. StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.13.

Dun & Bradstreet Trading Up 0.6 %

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 quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $12.25 and its two-hundred day simple moving average is $11.55.

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

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is currently -250.00%.

Institutional Investors Weigh In On Dun & Bradstreet

Several institutional investors and hedge funds have recently made changes to their positions in the company. Park Avenue Securities LLC increased its position in shares of Dun & Bradstreet by 15.5% during the fourth 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 in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Dun & Bradstreet by 3.6% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Dun & Bradstreet by 15.8% during the third 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 in the last quarter. Barclays PLC increased its position in shares of Dun & Bradstreet by 144.9% during the third 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 in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Dun & Bradstreet during the third quarter valued at approximately $120,000. Institutional investors own 86.68% of the company’s stock.

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.