Sterling Capital Management LLC Raises Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Sterling Capital Management LLC lifted its stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 53.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,176 shares of the business services provider’s stock after purchasing an additional 6,366 shares during the period. Sterling Capital Management LLC’s holdings in Dun & Bradstreet were worth $226,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DNB. HighTower Advisors LLC purchased a new stake in Dun & Bradstreet in the third quarter worth about $176,000. Stifel Financial Corp lifted its stake in shares of Dun & Bradstreet by 21.1% in the 3rd quarter. Stifel Financial Corp now owns 67,502 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 11,753 shares during the period. MML Investors Services LLC boosted its position in shares of Dun & Bradstreet by 62.2% during the third quarter. MML Investors Services LLC now owns 27,795 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 10,658 shares in the last quarter. Barclays PLC grew its stake in Dun & Bradstreet by 144.9% in the third quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock worth $13,728,000 after purchasing an additional 705,707 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Dun & Bradstreet by 15.8% in the third quarter. Geode Capital Management LLC now owns 4,677,399 shares of the business services provider’s stock worth $53,853,000 after purchasing an additional 639,419 shares in the last quarter. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Trading Up 0.3 %

Shares of NYSE:DNB opened at $8.75 on Monday. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The stock’s fifty day moving average price is $8.96 and its 200-day moving average price is $10.87. The company has a market cap of $3.90 billion, a P/E ratio of -145.73, a PEG ratio of 2.21 and a beta of 1.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The company had revenue of $631.90 million during the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. Sell-side analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.29%. Dun & Bradstreet’s payout ratio is -333.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DNB. Needham & Company LLC reaffirmed a “hold” rating and issued a $14.00 target price on shares of Dun & Bradstreet in a research report on Monday, March 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, January 29th. The Goldman Sachs Group lowered their target price on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a report on Friday, February 21st. StockNews.com started coverage on Dun & Bradstreet in a research note on Saturday. They set a “hold” rating for the company. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.86.

Insider Activity

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the sale, the chairman now directly owns 8,109,644 shares of the company’s stock, valued at approximately $72,905,699.56. This represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.44% of the company’s stock.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.