StockNews.com Begins Coverage on Dun & Bradstreet (NYSE:DNB)

StockNews.com began coverage on shares of Dun & Bradstreet (NYSE:DNB) in a research note published on Tuesday morning. 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. Jefferies Financial Group restated a “hold” rating and set a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Needham & Company LLC reissued a “hold” rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Dun & Bradstreet currently has a consensus rating of “Hold” and a consensus target price of $11.86.

Dun & Bradstreet Price Performance

Shares of NYSE:DNB opened at $8.97 on Tuesday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -149.48, a PEG ratio of 2.21 and a beta of 1.14. 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 business has a 50-day moving average price of $8.76 and a 200 day moving average price of $10.58. Dun & Bradstreet has a 12-month low of $7.78 and a 12-month high of $12.95.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $579.80 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.20 EPS. Sell-side analysts expect that Dun & Bradstreet will post 0.96 EPS for the current year.

Insider Activity

In related news, Chairman William P. Foley II sold 2,500,000 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total value of $22,400,000.00. Following the completion of the transaction, the chairman now directly owns 5,609,644 shares in the company, valued at approximately $50,262,410.24. This represents a 30.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Chinh Chu sold 10,885,403 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the sale, the director now 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 have sold 15,885,403 shares of company stock worth $142,299,357 over the last three months. 10.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dun & Bradstreet

Large investors have recently modified their holdings of the stock. Amundi boosted its holdings in Dun & Bradstreet by 27.9% in the fourth quarter. Amundi now owns 5,158 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 1,126 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Dun & Bradstreet in the 1st quarter worth approximately $68,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Dun & Bradstreet in the 1st quarter worth approximately $73,000. Oak Thistle LLC bought a new stake in shares of Dun & Bradstreet in the 1st quarter worth approximately $93,000. Finally, Summit Securities Group LLC bought a new stake in Dun & Bradstreet during the 1st quarter valued at $93,000. 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.