StockNews.com initiated coverage on shares of Dun & Bradstreet (NYSE:DNB - Free Report) in a research note published on Friday. The brokerage issued a hold rating on the business services provider's stock.
Several other equities research analysts have also recently weighed in on DNB. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Needham & Company LLC reaffirmed a "hold" rating and set a $14.00 target price on shares of Dun & Bradstreet in a research report on Monday, March 24th. The Goldman Sachs Group reduced their price target on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $11.86.
Read Our Latest Analysis on Dun & Bradstreet
Dun & Bradstreet Trading Down 0.1 %
Shares of DNB traded down $0.01 during trading hours on Friday, reaching $8.77. 569,928 shares of the company traded hands, compared to its average volume of 9,530,721. The stock's fifty day moving average price is $9.10 and its 200 day moving average price is $10.94. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -146.06, a PEG ratio of 2.21 and a beta of 1.14. Dun & Bradstreet has a 12-month low of $7.78 and a 12-month high of $12.94.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). The firm had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. Sell-side analysts forecast that Dun & Bradstreet will post 0.96 earnings per share for the current year.
Dun & Bradstreet Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.05 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.28%. Dun & Bradstreet's dividend payout ratio is currently -333.33%.
Insider Activity at Dun & Bradstreet
In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total value of $22,475,000.00. Following the sale, the chairman now owns 8,109,644 shares in the company, valued at $72,905,699.56. This represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.44% of the stock is owned by insiders.
Institutional Trading of Dun & Bradstreet
A number of hedge funds have recently modified their holdings of DNB. Norges Bank purchased a new stake in Dun & Bradstreet during the fourth quarter worth $42,016,000. Raymond James Financial Inc. purchased a new stake in shares of Dun & Bradstreet during the 4th quarter worth about $26,817,000. Contour Asset Management LLC purchased a new stake in shares of Dun & Bradstreet during the 4th quarter worth about $17,018,000. Dimensional Fund Advisors LP grew its position in shares of Dun & Bradstreet by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock valued at $219,566,000 after acquiring an additional 1,350,263 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Dun & Bradstreet by 2.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider's stock valued at $719,863,000 after purchasing an additional 1,275,959 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.
About Dun & Bradstreet
(
Get Free Report)
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.
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