Dimensional Fund Advisors LP lifted its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,622,318 shares of the business services provider's stock after purchasing an additional 1,350,263 shares during the quarter. Dimensional Fund Advisors LP owned 3.99% of Dun & Bradstreet worth $219,566,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Amundi lifted its stake in shares of Dun & Bradstreet by 27.9% in the fourth quarter. Amundi now owns 5,158 shares of the business services provider's stock valued at $64,000 after buying an additional 1,126 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Dun & Bradstreet in the 4th quarter worth about $127,000. New World Advisors LLC bought a new position in Dun & Bradstreet in the 4th quarter valued at about $143,000. KBC Group NV boosted its stake in Dun & Bradstreet by 30.2% during the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider's stock valued at $160,000 after purchasing an additional 2,983 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Dun & Bradstreet by 16.5% during the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider's stock worth $165,000 after purchasing an additional 1,881 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company's stock.
Analysts Set New Price Targets
DNB has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. StockNews.com started coverage on shares of Dun & Bradstreet in a report on Saturday. They set a "hold" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Jefferies Financial Group restated a "hold" rating and issued a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Finally, Needham & Company LLC reiterated a "hold" rating and set a $14.00 price target on shares of Dun & Bradstreet in a report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, Dun & Bradstreet presently has a consensus rating of "Hold" and a consensus target price of $11.86.
Read Our Latest Stock Analysis on DNB
Insiders Place Their Bets
In other news, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the sale, the chairman now directly owns 8,109,644 shares in the company, valued at $72,905,699.56. This represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 10.44% of the company's stock.
Dun & Bradstreet Stock Performance
Shares of DNB opened at $8.79 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The firm has a market cap of $3.92 billion, a PE ratio of -146.39, a PEG ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The stock's fifty day moving average price is $8.88 and its two-hundred day moving average price is $10.84.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The business had revenue of $631.90 million for the quarter, compared to analysts' expectations of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. On average, equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.
Dun & Bradstreet Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.28%. Dun & Bradstreet's payout ratio is -333.33%.
Dun & Bradstreet Company Profile
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Free Report)
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.
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