Dun & Bradstreet (NYSE:DNB) Sees Unusually-High 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 were traded 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 analysts have recently issued reports on the company. Jefferies Financial Group restated a "hold" rating and issued a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their price objective 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, Wall Street Zen started coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company 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 business has a 50 day simple moving average of $8.90 and a 200 day simple moving average of $10.24. The stock 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.

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

Insider Transactions at Dun & Bradstreet

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

Institutional Trading of Dun & Bradstreet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its position in shares of Dun & Bradstreet by 7,875.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider's stock valued at $402,000 after acquiring an additional 31,894 shares during the period. Proficio Capital Partners LLC acquired a new position in Dun & Bradstreet during the 4th quarter valued at $323,000. Charles Schwab Investment Management Inc. boosted its holdings in Dun & Bradstreet by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider's stock valued at $50,785,000 after purchasing an additional 99,795 shares during the period. Bank of New York Mellon Corp grew its position in Dun & Bradstreet by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider's stock worth $20,655,000 after purchasing an additional 141,054 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Dun & Bradstreet during the 4th quarter worth about $709,000. Institutional investors and hedge funds own 86.68% 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.