Victory Capital Management Inc. grew its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 234.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 123,230 shares of the business services provider's stock after acquiring an additional 86,422 shares during the period. Victory Capital Management Inc.'s holdings in Dun & Bradstreet were worth $1,535,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of DNB. Nicola Wealth Management LTD. purchased a new stake in shares of Dun & Bradstreet in the fourth quarter valued at $1,994,000. Charles Schwab Investment Management Inc. lifted its holdings 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 purchasing an additional 99,795 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 in the last quarter. Levin Capital Strategies L.P. purchased a new stake in shares of Dun & Bradstreet in the fourth quarter valued at $187,000. Finally, Versor Investments LP purchased a new stake in shares of Dun & Bradstreet in the fourth quarter valued at $242,000. Institutional investors and hedge funds own 86.68% of the company's stock.
Dun & Bradstreet Stock Up 3.1 %
Shares of NYSE:DNB traded up $0.27 during midday trading on Friday, hitting $8.76. 12,448,042 shares of the stock were exchanged, compared to its average volume of 3,332,133. 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 company has a market capitalization of $3.87 billion, a PE ratio of -145.89, a P/E/G ratio of 2.21 and a beta of 1.19. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.95. The business's fifty day simple moving average is $10.21 and its two-hundred day simple moving average is $11.30.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.27 EPS 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%. As a group, research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.
Dun & Bradstreet Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.28%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet's payout ratio is -333.33%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. 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. Needham & Company LLC cut their price objective 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 cut their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $12.50.
Read Our Latest Research Report on DNB
Dun & Bradstreet Company Profile
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Free Report)
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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