New York State Common Retirement Fund Lowers Stock Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

New York State Common Retirement Fund lessened its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,083 shares of the business services provider’s stock after selling 20,230 shares during the quarter. New York State Common Retirement Fund’s holdings in Dun & Bradstreet were worth $2,130,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC lifted its position in Dun & Bradstreet by 100.7% during the fourth quarter. Signaturefd LLC now owns 3,541 shares of the business services provider’s stock worth $41,000 after buying an additional 1,777 shares during the period. Corton Capital Inc. purchased a new position in shares of Dun & Bradstreet during the 3rd quarter worth about $105,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Dun & Bradstreet in the third quarter worth approximately $111,000. OLD National Bancorp IN purchased a new stake in Dun & Bradstreet in the fourth quarter valued at approximately $205,000. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Dun & Bradstreet during the third quarter worth approximately $176,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Stock Down 0.2 %

Shares of NYSE DNB opened at $10.21 on Wednesday. The stock has a fifty day moving average price of $9.80 and a 200 day moving average price of $10.45. The company has a market cap of $4.52 billion, a P/E ratio of -127.63, a P/E/G ratio of 2.06 and a beta of 1.15. Dun & Bradstreet Holdings, Inc. has a 12-month low of $8.68 and a 12-month high of $12.62. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.04.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, February 15th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 10.99% and a negative net margin of 1.56%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Research 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 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. The ex-dividend date is Thursday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.96%. Dun & Bradstreet’s payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

DNB has been the subject of several research reports. Jefferies Financial Group lowered their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Needham & Company LLC restated a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research note on Thursday, May 2nd. Finally, The Goldman Sachs Group lifted their price objective on 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Dun & Bradstreet has a consensus rating of “Moderate Buy” and a consensus price target of $13.64.

Insider Activity

In related 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 sale, the director now owns 69,048,691 shares of the company’s stock, valued at approximately $696,701,292.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company’s stock.

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.