StockNews.com assumed coverage on shares of Dun & Bradstreet (NYSE:DNB - Free Report) in a research note released on Friday morning. The firm issued a hold rating on the business services provider's stock.
Other analysts have also issued research reports about the stock. Jefferies Financial Group restated a "hold" rating and set a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Royal Bank of Canada restated a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Needham & Company LLC reissued a "hold" rating and set a $14.00 price objective 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, the stock has an average rating of "Hold" and an average target price of $11.86.
View Our Latest Report on Dun & Bradstreet
Dun & Bradstreet Trading Up 1.6 %
Shares of NYSE:DNB traded up $0.14 during mid-day trading on Friday, hitting $8.77. The company had a trading volume of 11,595,956 shares, compared to its average volume of 9,717,995. The company has a market capitalization of $3.92 billion, a PE ratio of -146.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Dun & Bradstreet has a one year low of $7.78 and a one year high of $12.94. The firm has a fifty day moving average price of $9.24 and a 200 day moving average price of $10.97. 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 (NYSE:DNB - Get Free Report) last announced its quarterly earnings data 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). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The company had revenue of $631.90 million for the quarter, compared to analyst estimates of $658.04 million. As a group, research analysts forecast that Dun & Bradstreet will post 0.96 EPS for the current year.
Dun & Bradstreet Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 yield of 2.28%. Dun & Bradstreet's dividend payout ratio (DPR) is currently -333.33%.
Insider Buying and Selling
In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value 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. The trade was a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.44% of the stock is owned by insiders.
Hedge Funds Weigh In On Dun & Bradstreet
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNB. Vest Financial LLC purchased a new stake in shares of Dun & Bradstreet during the 1st quarter valued at approximately $106,000. Confluence Investment Management LLC raised its holdings in Dun & Bradstreet by 0.7% during the 1st quarter. Confluence Investment Management LLC now owns 3,986,188 shares of the business services provider's stock valued at $35,637,000 after acquiring an additional 29,056 shares during the period. Forum Financial Management LP purchased a new stake in shares of Dun & Bradstreet during the fourth quarter worth $209,000. Public Employees Retirement System of Ohio bought a new position in shares of Dun & Bradstreet in the fourth quarter worth $1,349,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Dun & Bradstreet in the fourth quarter valued at $96,000. Institutional investors own 86.68% of the company's stock.
About Dun & Bradstreet
(
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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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