Dun & Bradstreet (NYSE:DNB) Sees Large Volume Increase - Here's What Happened

Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 9,296,416 shares were traded during trading, an increase of 111% from the previous session's volume of 4,409,957 shares.The stock last traded at $8.75 and had previously closed at $8.63.

Analyst Ratings Changes

DNB has been the subject of several recent research reports. The Goldman Sachs Group decreased their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Jefferies Financial Group reiterated a "hold" rating and issued a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Needham & Company LLC reissued a "hold" rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a research report on Monday, March 24th. StockNews.com initiated coverage on shares of Dun & Bradstreet in a research report on Friday. They set a "hold" rating for the company. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.86.

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Dun & Bradstreet Price Performance

The company has a fifty day moving average price of $9.24 and a two-hundred day moving average price of $10.97. The firm has a market capitalization of $3.85 billion, a PE ratio of -143.63, a P/E/G ratio of 2.21 and a beta of 1.14. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted 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). The firm had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. Sell-side analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.05 dividend. 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 payout ratio is -333.33%.

Insider Transactions at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the transaction, the chairman now 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.44% of the company's stock.

Institutional Trading of Dun & Bradstreet

Several hedge funds and other institutional investors have recently made changes to their positions in DNB. Steward Partners Investment Advisory LLC lifted its position in Dun & Bradstreet by 7,875.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider's stock valued at $402,000 after purchasing an additional 31,894 shares during the period. State Street Corp lifted its holdings in shares of Dun & Bradstreet by 9.8% in the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider's stock valued at $60,167,000 after buying an additional 468,027 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Dun & Bradstreet in the fourth quarter valued at approximately $323,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Dun & Bradstreet by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider's stock valued at $50,785,000 after buying an additional 99,795 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Dun & Bradstreet by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider's stock worth $20,655,000 after purchasing an additional 141,054 shares during the period. Hedge funds and other institutional investors own 86.68% of the company's stock.

Dun & Bradstreet Company Profile

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.