Raymond James & Associates Boosts Stock Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Raymond James & Associates raised its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,542,456 shares of the business services provider's stock after acquiring an additional 122,460 shares during the quarter. Raymond James & Associates owned approximately 0.35% of Dun & Bradstreet worth $17,754,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Evermay Wealth Management LLC purchased a new position in shares of Dun & Bradstreet in the first quarter valued at about $37,000. Blue Trust Inc. increased its position in shares of Dun & Bradstreet by 129.1% in the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider's stock valued at $46,000 after acquiring an additional 2,563 shares during the period. Headlands Technologies LLC purchased a new position in shares of Dun & Bradstreet in the first quarter valued at about $70,000. Canada Pension Plan Investment Board increased its position in shares of Dun & Bradstreet by 85.1% in the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider's stock valued at $81,000 after acquiring an additional 4,000 shares during the period. Finally, Xponance Inc. purchased a new position in shares of Dun & Bradstreet during the second quarter valued at about $100,000. Hedge funds and other institutional investors own 86.68% of the company's stock.

Dun & Bradstreet Stock Up 1.0 %

Shares of NYSE DNB traded up $0.11 on Friday, reaching $10.89. 3,101,871 shares of the company's stock traded hands, compared to its average volume of 3,376,362. Dun & Bradstreet Holdings, Inc. has a 12 month low of $8.68 and a 12 month high of $12.75. The business's 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $10.52. The company has a market cap of $4.82 billion, a price-to-earnings ratio of -136.13, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The business had revenue of $576.20 million during the quarter, compared to the consensus estimate of $580.77 million. During the same quarter last year, the firm earned $0.17 earnings per share. The business's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet's payout ratio is -250.00%.

Analyst Ratings Changes

DNB has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Monday, August 5th. StockNews.com raised shares of Dun & Bradstreet from a "sell" rating to a "hold" rating in a research note on Wednesday, October 2nd. Barclays increased their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, September 13th. Royal Bank of Canada decreased their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $13.85.

Dun & Bradstreet 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.