Dun & Bradstreet's (DNB) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Dun & Bradstreet (NYSE:DNB - Free Report) in a research report released on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a $17.00 price objective on the business services provider's stock.

DNB has been the topic of several other reports. Jefferies Financial Group reduced their price target on Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a research note on Friday, April 12th. The Goldman Sachs Group increased their price target on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the stock a neutral rating in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $13.64.

Dun & Bradstreet Trading Up 1.1 %

DNB stock traded up $0.12 on Tuesday, reaching $10.67. The company's stock had a trading volume of 3,753,995 shares, compared to its average volume of 3,640,921. The firm has a market cap of $4.72 billion, a PE ratio of -133.38, a PEG ratio of 2.20 and a beta of 1.15. The business has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $10.49. Dun & Bradstreet has a 12-month low of $8.68 and a 12-month high of $12.62. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.62 and a current ratio of 0.62.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its earnings results on Thursday, February 15th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. Dun & Bradstreet had a negative net margin of 1.56% and a positive return on equity of 10.99%. The firm had revenue of $630.40 million for the quarter, compared to analyst estimates of $623.19 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that Dun & Bradstreet will post 0.89 EPS for the current year.

Dun & Bradstreet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.87%. Dun & Bradstreet's dividend payout ratio is currently -250.00%.

Insider Transactions at Dun & Bradstreet

In other Dun & Bradstreet news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $10.09, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Dun & Bradstreet by 7,260.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,797 shares of the business services provider's stock valued at $33,000 after buying an additional 2,759 shares during the period. Evermay Wealth Management LLC purchased a new position in shares of Dun & Bradstreet in the first quarter worth approximately $37,000. Signaturefd LLC grew its position in Dun & Bradstreet by 100.7% during the fourth quarter. Signaturefd LLC now owns 3,541 shares of the business services provider's stock valued at $41,000 after buying an additional 1,777 shares during the period. Headlands Technologies LLC purchased a new stake in Dun & Bradstreet during the first quarter valued at approximately $70,000. Finally, Corton Capital Inc. purchased a new position in shares of Dun & Bradstreet during the 3rd quarter worth $105,000. Institutional investors own 86.68% of the company's stock.

Dun & Bradstreet Company 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.