Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,957,132 shares of the business services provider’s stock after selling 105,897 shares during the quarter. Confluence Investment Management LLC’s holdings in Dun & Bradstreet were worth $49,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Dun & Bradstreet by 28.2% in the third quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock worth $67,000 after purchasing an additional 1,284 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Dun & Bradstreet by 85.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after buying an additional 4,000 shares during the last quarter. KBC Group NV grew its position in shares of Dun & Bradstreet by 33.9% in the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock worth $114,000 after acquiring an additional 2,499 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Dun & Bradstreet in the 3rd quarter valued at approximately $117,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Dun & Bradstreet during the 3rd quarter valued at approximately $120,000. Institutional investors own 86.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Friday, November 1st. Finally, Barclays increased their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.83.

Dun & Bradstreet Stock Performance

Shares of DNB stock traded up $0.06 during trading hours on Thursday, reaching $12.52. The stock had a trading volume of 554,976 shares, compared to its average volume of 3,242,353. The firm has a market capitalization of $5.53 billion, a PE ratio of -156.50, a price-to-earnings-growth ratio of 3.44 and a beta of 1.16. The firm has a 50-day simple moving average of $12.19 and a 200-day simple moving average of $11.37. Dun & Bradstreet Holdings, Inc. has a twelve month low of $8.77 and a twelve month high of $12.94. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $609.10 million for the quarter, compared to analyst estimates of $605.64 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. Dun & Bradstreet’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. As a group, equities analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.60%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -250.00%.

Dun & Bradstreet 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.