California Public Employees Retirement System Sells 19,472 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

California Public Employees Retirement System cut its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 3.9% in the fourth quarter, HoldingsChannel reports. The fund owned 477,975 shares of the business services provider’s stock after selling 19,472 shares during the period. California Public Employees Retirement System’s holdings in Dun & Bradstreet were worth $5,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DNB. Signaturefd LLC boosted its position in shares of Dun & Bradstreet by 100.7% in the fourth quarter. Signaturefd LLC now owns 3,541 shares of the business services provider’s stock worth $41,000 after purchasing an additional 1,777 shares during the period. Corton Capital Inc. purchased a new stake in Dun & Bradstreet in the 3rd quarter worth $105,000. Envestnet Portfolio Solutions Inc. bought a new stake in Dun & Bradstreet during the third quarter valued at about $111,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Dun & Bradstreet in the third quarter valued at about $176,000. Finally, OLD National Bancorp IN bought a new position in shares of Dun & Bradstreet in the fourth quarter worth about $205,000. Institutional investors own 86.68% of the company’s stock.

Insider Activity at Dun & Bradstreet

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DNB. Jefferies Financial Group lowered their price target on Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price on shares of Dun & Bradstreet in a report on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the company a “neutral” rating in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.64.

Dun & Bradstreet Trading Up 2.4 %

Shares of DNB opened at $9.72 on Friday. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $8.68 and a fifty-two week high of $12.62. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.63 and a current ratio of 0.62. The company’s fifty day moving average is $9.81 and its 200 day moving average is $10.44. The stock has a market capitalization of $4.30 billion, a PE ratio of -121.50, a P/E/G ratio of 2.02 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last announced its 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 firm had revenue of $630.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Dun & Bradstreet had a negative net margin of 1.56% and a positive return on equity of 10.99%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. Sell-side analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, June 6th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

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.