Retirement Systems of Alabama Acquires 14,858 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Retirement Systems of Alabama lifted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 4.2% in the fourth quarter, Holdings Channel reports. The fund owned 369,601 shares of the business services provider’s stock after purchasing an additional 14,858 shares during the quarter. Retirement Systems of Alabama’s holdings in Dun & Bradstreet were worth $4,324,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its stake in Dun & Bradstreet by 7,260.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,797 shares of the business services provider’s stock worth $33,000 after purchasing an additional 2,759 shares during the last quarter. Signaturefd LLC lifted its stake in 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 last quarter. Corton Capital Inc. bought a new stake in Dun & Bradstreet in the third quarter worth about $105,000. Envestnet Portfolio Solutions Inc. bought a new stake in Dun & Bradstreet in the third quarter worth about $111,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Dun & Bradstreet in the third quarter worth about $176,000. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Stock Performance

Shares of DNB stock opened at $10.23 on Tuesday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of -127.81, a PEG ratio of 2.06 and a beta of 1.15. The company’s 50 day moving average is $9.81 and its 200 day moving average is $10.44. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.04. Dun & Bradstreet Holdings, Inc. has a 52-week low of $8.68 and a 52-week high of $12.62.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data 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 company had revenue of $630.40 million for the quarter, compared to analyst estimates of $623.19 million. Dun & Bradstreet had a negative net margin of 1.56% and a positive return on equity of 10.99%. Dun & Bradstreet’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. On average, sell-side analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, June 6th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

Insiders Place Their Bets

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 value of $100,900,000.00. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

DNB has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group reduced their target price on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. 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. According to data from MarketBeat.com, Dun & Bradstreet presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.64.

Dun & Bradstreet Company 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.