StockNews.com started coverage on shares of Dun & Bradstreet (NYSE:DNB - Free Report) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the business services provider's stock.
Other research analysts have also issued research reports about the company. Jefferies Financial Group restated a "hold" rating and issued a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Needham & Company LLC restated a "hold" rating and set a $14.00 price target on shares of Dun & Bradstreet in a research report on Monday, March 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group lowered their target price on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.86.
Check Out Our Latest Report on Dun & Bradstreet
Dun & Bradstreet Price Performance
NYSE DNB traded down $0.11 during trading hours on Thursday, reaching $8.62. The company's stock had a trading volume of 34,908,824 shares, compared to its average volume of 4,388,876. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of -143.58, a P/E/G ratio of 2.21 and a beta of 1.14. The company's 50-day moving average is $9.67 and its two-hundred day moving average is $11.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. Dun & Bradstreet has a 1-year low of $7.78 and a 1-year high of $12.95.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share 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 analyst estimates of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. On average, equities analysts predict that Dun & Bradstreet will post 0.96 EPS for the current year.
Dun & Bradstreet Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.32%. Dun & Bradstreet's dividend payout ratio is currently -333.33%.
Insider Activity
In other news, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total value of $22,475,000.00. Following the transaction, the chairman now directly owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This represents a 23.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.44% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of DNB. Paloma Partners Management Co acquired a new position in Dun & Bradstreet during the 3rd quarter worth about $117,000. HighTower Advisors LLC purchased a new position in shares of Dun & Bradstreet in the third quarter valued at approximately $176,000. Quantinno Capital Management LP grew its holdings in shares of Dun & Bradstreet by 18.2% in the third quarter. Quantinno Capital Management LP now owns 107,558 shares of the business services provider's stock valued at $1,238,000 after purchasing an additional 16,554 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Dun & Bradstreet by 21.1% in the third quarter. Stifel Financial Corp now owns 67,502 shares of the business services provider's stock valued at $777,000 after purchasing an additional 11,753 shares in the last quarter. Finally, State Street Corp lifted its holdings in Dun & Bradstreet by 9.8% during the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider's stock worth $60,167,000 after buying an additional 468,027 shares in the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.
Dun & Bradstreet Company Profile
(
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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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