Russell Investments Group Ltd. acquired a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the 3rd quarter, HoldingsChannel reports. The fund acquired 32,866 shares of the business services provider’s stock, valued at approximately $551,000.
Other large investors have also added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY boosted its position in shares of Dun & Bradstreet by 66,120.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 3,311 shares of the business services provider’s stock worth $71,000 after acquiring an additional 3,306 shares in the last quarter. Walleye Capital LLC lifted its holdings in shares of Dun & Bradstreet by 27.3% in the 2nd quarter. Walleye Capital LLC now owns 11,200 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 2,400 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at about $320,000. Skylands Capital LLC purchased a new stake in shares of Dun & Bradstreet in the 3rd quarter valued at about $298,000. Finally, Trexquant Investment LP purchased a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at about $395,000. 75.43% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on DNB. Zacks Investment Research raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 6th. Barclays downgraded Dun & Bradstreet from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a report on Monday, January 24th. Royal Bank of Canada reduced their price objective on Dun & Bradstreet from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, December 10th. The company’s Cannae Holdings Conference presentation highlighted its path to mid-single-digit organic growth as well as an acceleration in new product development, the analyst tells investors in a research note. Sabadra adds that the price target reduction reflect the potential FY22 headwinds, but faster-than-expected organic revenue ramp and better-than-expected operating leverage could serve as catalysts for Dun & Bradstreet. Raymond James upped their price objective on Dun & Bradstreet from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, November 5th. Finally, TheStreet raised Dun & Bradstreet from a “d+” rating to a “c-” rating in a research note on Monday, December 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $24.50.
DNB opened at $19.56 on Monday. The business has a 50 day moving average price of $19.51 and a two-hundred day moving average price of $19.02. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.97. The company has a market cap of $8.43 billion, a PE ratio of -162.99 and a beta of 0.64. Dun & Bradstreet Holdings, Inc. has a 52 week low of $16.61 and a 52 week high of $26.03.
Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, November 4th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $541.90 million during the quarter, compared to the consensus estimate of $533.67 million. Dun & Bradstreet had a positive return on equity of 12.10% and a negative net margin of 2.59%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. As a group, sell-side analysts expect that Dun & Bradstreet Holdings, Inc. will post 1 EPS for the current fiscal year.
About Dun & Bradstreet
Dun & Bradstreet Holdings, Inc provides business decisioning 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.
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