Royce & Associates LP Decreases Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Royce & Associates LP lessened its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,328,160 shares of the business services provider's stock after selling 318,446 shares during the period. Royce & Associates LP owned approximately 0.30% of Dun & Bradstreet worth $16,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DNB. Atria Investments Inc increased its holdings in shares of Dun & Bradstreet by 10.8% in the 3rd quarter. Atria Investments Inc now owns 49,030 shares of the business services provider's stock worth $564,000 after purchasing an additional 4,783 shares in the last quarter. KBC Group NV increased its holdings in shares of Dun & Bradstreet by 33.9% in the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider's stock worth $114,000 after purchasing an additional 2,499 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Dun & Bradstreet by 9.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 790,254 shares of the business services provider's stock worth $9,096,000 after purchasing an additional 69,339 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Dun & Bradstreet by 5.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider's stock worth $650,292,000 after purchasing an additional 3,144,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Dun & Bradstreet by 23.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,976,053 shares of the business services provider's stock worth $45,764,000 after purchasing an additional 760,956 shares in the last quarter. Institutional investors own 86.68% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of analysts have commented on DNB shares. 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. Needham & Company LLC reduced their target price on Dun & Bradstreet from $17.00 to $14.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their target price on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.50.

Dun & Bradstreet Stock Performance

Shares of DNB stock traded down $0.21 on Thursday, reaching $8.50. The stock had a trading volume of 2,204,551 shares, compared to its average volume of 3,306,299. The company has a 50 day simple moving average of $10.33 and a 200 day simple moving average of $11.35. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. The stock has a market cap of $3.75 billion, a P/E ratio of -141.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) 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 the consensus estimate of $658.04 million. Equities research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, March 6th. Dun & Bradstreet's dividend payout ratio (DPR) is -333.33%.

Dun & Bradstreet 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.