Dun & Bradstreet (NYSE:DNB) Sees Strong Trading Volume - Still a Buy?

Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Get Free Report) shares saw strong trading volume on Thursday . 10,221,691 shares changed hands during trading, an increase of 67% from the previous session's volume of 6,110,145 shares.The stock last traded at $9.02 and had previously closed at $9.03.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen assumed coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They set a "hold" rating on the stock. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Jefferies Financial Group reiterated a "hold" rating and set a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.86.

Dun & Bradstreet Stock Up 0.2%

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 cap of $4.03 billion, a PE ratio of -150.39, a P/E/G ratio of 2.21 and a beta of 1.12. The business has a fifty day moving average price of $8.90 and a two-hundred day moving average price of $10.27.

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 firm had revenue of $579.80 million for the quarter, compared to the consensus estimate of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of Dun & Bradstreet stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the completion of the transaction, the chairman now directly owns 5,609,644 shares of the company's stock, valued at approximately $50,262,410.24. This trade represents a 30.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the transaction, the director now directly owns 23,810 shares of the company's stock, valued at $213,099.50. This represents a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,885,403 shares of company stock valued at $142,299,357 in the last ninety days. Company insiders own 10.44% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Polar Asset Management Partners Inc. bought a new stake in shares of Dun & Bradstreet during the first quarter worth $35,760,000. Norges Bank bought a new stake in Dun & Bradstreet during the 4th quarter worth about $42,016,000. Woodline Partners LP bought a new stake in Dun & Bradstreet during the 1st quarter worth about $24,291,000. Beryl Capital Management LLC bought a new stake in Dun & Bradstreet during the 1st quarter worth about $22,551,000. Finally, Raymond James Financial Inc. bought a new stake in Dun & Bradstreet during the 4th quarter worth about $26,817,000. 86.68% of the stock is owned by institutional investors.

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.