Massachusetts Financial Services Co. MA Acquires 3,144,458 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Massachusetts Financial Services Co. MA lifted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,497,966 shares of the business services provider's stock after purchasing an additional 3,144,458 shares during the period. Massachusetts Financial Services Co. MA owned about 12.80% of Dun & Bradstreet worth $650,292,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DNB. Thrivent Financial for Lutherans increased its position in shares of Dun & Bradstreet by 9.6% in the third quarter. Thrivent Financial for Lutherans now owns 790,254 shares of the business services provider's stock worth $9,096,000 after acquiring an additional 69,339 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in Dun & Bradstreet in the third quarter valued at approximately $17,750,000. KBC Group NV lifted its stake in Dun & Bradstreet by 33.9% in the third quarter. KBC Group NV now owns 9,878 shares of the business services provider's stock valued at $114,000 after acquiring an additional 2,499 shares during the last quarter. Atria Investments Inc lifted its stake in Dun & Bradstreet by 10.8% in the third quarter. Atria Investments Inc now owns 49,030 shares of the business services provider's stock valued at $564,000 after acquiring an additional 4,783 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of Dun & Bradstreet in the third quarter worth $189,000. Institutional investors and hedge funds own 86.68% of the company's stock.

Analyst Ratings Changes

DNB has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Royal Bank of Canada lowered their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Friday, August 2nd. 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. Needham & Company LLC reiterated a "buy" rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Dun & Bradstreet from a "sell" rating to a "hold" rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.83.

Dun & Bradstreet Trading Up 1.7 %

Dun & Bradstreet stock traded up $0.21 during trading hours on Friday, reaching $12.59. 2,159,534 shares of the company's stock traded hands, compared to its average volume of 3,387,989. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $8.77 and a fifty-two week high of $12.75. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of -157.38, a PEG ratio of 3.32 and a beta of 1.15. The firm's 50 day moving average is $11.61 and its 200-day moving average is $10.87.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, meeting analysts' consensus estimates of $0.27. The company had revenue of $609.10 million during the quarter, compared to analysts' expectations of $605.64 million. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. Dun & Bradstreet's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. On average, analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.59%. Dun & Bradstreet's payout ratio is -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.