Vanguard Group Inc. Acquires 2,176,044 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Vanguard Group Inc. lifted its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,295,885 shares of the business services provider’s stock after acquiring an additional 2,176,044 shares during the period. Vanguard Group Inc. owned approximately 5.99% of Dun & Bradstreet worth $262,696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DNB. Massachusetts Financial Services Co. MA boosted its holdings in Dun & Bradstreet by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 35,527,102 shares of the business services provider’s stock worth $354,916,000 after purchasing an additional 8,009,051 shares during the last quarter. BlackRock Inc. boosted its holdings in Dun & Bradstreet by 25.2% during the first quarter. BlackRock Inc. now owns 19,608,863 shares of the business services provider’s stock worth $230,208,000 after purchasing an additional 3,950,464 shares during the last quarter. Shapiro Capital Management LLC purchased a new position in Dun & Bradstreet during the third quarter worth about $35,214,000. Hawk Ridge Capital Management LP purchased a new position in Dun & Bradstreet during the second quarter worth about $37,083,000. Finally, FMR LLC boosted its holdings in Dun & Bradstreet by 83.8% during the third quarter. FMR LLC now owns 6,916,851 shares of the business services provider’s stock worth $69,099,000 after purchasing an additional 3,153,804 shares during the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Performance

Shares of DNB stock opened at $10.03 on Friday. The firm’s 50 day moving average is $10.74 and its 200 day moving average is $10.54. 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 stock has a market capitalization of $4.40 billion, a P/E ratio of -91.18, a PEG ratio of 2.06 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a 12 month low of $8.68 and a 12 month high of $12.62.

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, topping the consensus estimate of $0.31 by $0.01. Dun & Bradstreet had a negative net margin of 2.03% and a positive return on equity of 10.65%. The business had revenue of $630.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.88 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 21st. Shareholders of record on Thursday, March 7th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.99%. The ex-dividend date was Wednesday, March 6th. Dun & Bradstreet’s dividend payout ratio is presently -181.82%.

Wall Street Analyst Weigh In

DNB has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted 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. Raymond James upgraded shares of Dun & Bradstreet from an “outperform” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Friday, January 5th. Finally, Needham & Company LLC dropped their target price on shares of Dun & Bradstreet from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.75.

Insiders Place Their Bets

In other Dun & Bradstreet news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 69,048,691 shares in the company, valued at approximately $696,701,292.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.