Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System increased its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,531 shares of the business services provider’s stock after acquiring an additional 4,984 shares during the period. Arizona State Retirement System’s holdings in Dun & Bradstreet were worth $790,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. LGT Capital Partners LTD. grew its holdings in Dun & Bradstreet by 23.5% during the fourth quarter. LGT Capital Partners LTD. now owns 500,000 shares of the business services provider’s stock worth $5,850,000 after acquiring an additional 95,000 shares during the period. Financiere des Professionnels Fonds d investissement inc. boosted its position in shares of Dun & Bradstreet by 26.1% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 354,582 shares of the business services provider’s stock valued at $4,149,000 after purchasing an additional 73,367 shares during the period. Vanguard Group Inc. boosted its position in shares of Dun & Bradstreet by 9.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,295,885 shares of the business services provider’s stock valued at $262,696,000 after purchasing an additional 2,176,044 shares during the period. Citigroup Inc. boosted its position in shares of Dun & Bradstreet by 1.8% in the 3rd quarter. Citigroup Inc. now owns 199,288 shares of the business services provider’s stock valued at $1,991,000 after purchasing an additional 3,590 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in shares of Dun & Bradstreet in the 3rd quarter valued at $238,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Dun & Bradstreet Trading Down 0.4 %

Shares of NYSE DNB opened at $9.15 on Thursday. Dun & Bradstreet Holdings, Inc. has a one year low of $8.68 and a one year high of $12.62. The firm has a market capitalization of $4.01 billion, a PE ratio of -83.18, a PEG ratio of 1.99 and a beta of 1.15. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $10.17 and a two-hundred day moving average price of $10.48.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $630.40 million during the quarter, compared to analyst estimates of $623.19 million. Dun & Bradstreet had a positive return on equity of 10.65% and a negative net margin of 2.03%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. As a group, analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.19%. Dun & Bradstreet’s dividend payout ratio is -181.82%.

Insider Activity

In other news, Director Cannae Holdings, Inc. sold 10,000,000 shares of Dun & Bradstreet stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $10.09, for a total transaction of $100,900,000.00. Following the completion of the sale, the director now directly owns 69,048,691 shares in the company, valued at approximately $696,701,292.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 10.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DNB shares. Jefferies Financial Group decreased their price target on Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Needham & Company LLC decreased their price target on Dun & Bradstreet from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Raymond James upgraded Dun & Bradstreet from an “outperform” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research report on Friday, January 5th. Finally, The Goldman Sachs Group raised their price objective on Dun & Bradstreet from $10.30 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.64.

About Dun & Bradstreet

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.