AlphaCrest Capital Management LLC Decreases Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

AlphaCrest Capital Management LLC trimmed its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,662 shares of the business services provider’s stock after selling 2,235 shares during the period. AlphaCrest Capital Management LLC’s holdings in Dun & Bradstreet were worth $566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. American International Group Inc. grew its position in Dun & Bradstreet by 57.1% during the 2nd quarter. American International Group Inc. now owns 2,631 shares of the business services provider’s stock worth $40,000 after acquiring an additional 956 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Dun & Bradstreet in the third quarter worth approximately $42,000. Advisor Group Holdings Inc. increased its stake in shares of Dun & Bradstreet by 287.3% in the first quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider’s stock worth $48,000 after buying an additional 2,040 shares during the period. MetLife Investment Management LLC bought a new stake in Dun & Bradstreet during the 1st quarter valued at $56,000. Finally, PNC Financial Services Group Inc. boosted its position in Dun & Bradstreet by 5,483.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider’s stock valued at $70,000 after buying an additional 3,893 shares during the period. 85.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Bank of America upgraded shares of Dun & Bradstreet from a “neutral” rating to a “buy” rating and set a $15.50 price objective on the stock in a research report on Tuesday, January 17th. The Goldman Sachs Group lowered their price target on Dun & Bradstreet from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, February 17th. Deutsche Bank Aktiengesellschaft raised Dun & Bradstreet from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.00 to $17.00 in a research note on Thursday, February 23rd. Raymond James dropped their price target on Dun & Bradstreet from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, February 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Dun & Bradstreet in a research report on Thursday, February 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.75.

Dun & Bradstreet Stock Down 0.5 %

Shares of Dun & Bradstreet stock opened at $11.99 on Thursday. Dun & Bradstreet Holdings, Inc. has a 1 year low of $11.23 and a 1 year high of $18.05. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.75 and a beta of 0.97. The company has a 50-day moving average of $13.15 and a 200 day moving average of $13.21. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.64 and a quick ratio of 0.64.

Dun & Bradstreet (NYSE:DNB – Get Rating) last announced its earnings results on Thursday, February 16th. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $595.00 million for the quarter, compared to the consensus estimate of $591.03 million. Dun & Bradstreet had a negative net margin of 0.10% and a positive return on equity of 11.67%. Dun & Bradstreet’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. As a group, sell-side analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, March 2nd will be paid a $0.05 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.67%.

Insider Activity

In other Dun & Bradstreet news, Director Richard N. Massey sold 181,630 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $13.00, for a total transaction of $2,361,190.00. Following the completion of the sale, the director now directly owns 602,592 shares in the company, valued at approximately $7,833,696. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.60% of the company’s stock.

About Dun & Bradstreet

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Dun & Bradstreet Holdings, Inc provides business decisioning 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 powerful 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 InfoTorg, an online SaaS application.