Dun & Bradstreet (NYSE:DNB) Sees Large Volume Increase - Here's Why

Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 28,446,719 shares changed hands during mid-day trading, an increase of 420% from the previous session's volume of 5,474,191 shares.The stock last traded at $8.96 and had previously closed at $9.15.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. StockNews.com assumed coverage on Dun & Bradstreet in a report on Sunday, April 27th. They issued a "hold" rating on the stock. The Goldman Sachs Group lowered their price target 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $12.00 price objective on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a report on Friday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $11.86.

Dun & Bradstreet Price Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of -149.73, a PEG ratio of 2.21 and a beta of 1.14. The business's fifty day simple moving average is $8.74 and its 200 day simple moving average is $10.73.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. On average, research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 6th. Dun & Bradstreet's dividend payout ratio is currently -333.33%.

Insider Buying and Selling at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction dated 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 completion of the sale, the chairman now owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 10.44% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in Dun & Bradstreet by 144.9% in the 3rd 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 in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Dun & Bradstreet by 3.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,209,101 shares of the business services provider's stock worth $15,065,000 after buying an additional 42,320 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Dun & Bradstreet by 15.5% during the fourth quarter. Park Avenue Securities LLC now owns 60,548 shares of the business services provider's stock worth $754,000 after acquiring an additional 8,103 shares in the last quarter. Perpetual Ltd boosted its stake in shares of Dun & Bradstreet by 46.1% in the 4th quarter. Perpetual Ltd now owns 24,644 shares of the business services provider's stock valued at $307,000 after purchasing an additional 7,773 shares in the last quarter. Finally, KBC Group NV raised its position in Dun & Bradstreet by 30.2% in the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider's stock worth $160,000 after purchasing an additional 2,983 shares during the period. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Company Profile

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.