Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 16.8% in the 3rd quarter, Holdings Channel reports. The firm owned 165,160 shares of the business services provider’s stock after selling 33,330 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dun & Bradstreet were worth $1,901,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Evermay Wealth Management LLC acquired a new stake in Dun & Bradstreet in the 1st quarter valued at about $37,000. Blue Trust Inc. increased its holdings in shares of Dun & Bradstreet by 129.1% during the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after buying an additional 2,563 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of 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 purchasing an additional 4,000 shares during the period. Xponance Inc. purchased a new position in shares of Dun & Bradstreet during the 2nd quarter worth approximately $100,000. Finally, Innealta Capital LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter worth approximately $113,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Stock Down 1.5 %

DNB stock opened at $12.12 on Monday. The company has a market cap of $5.35 billion, a P/E ratio of -151.50, a P/E/G ratio of 3.37 and a beta of 1.15. Dun & Bradstreet Holdings, Inc. has a 52 week low of $8.77 and a 52 week high of $12.75. The company’s 50-day moving average price is $11.54 and its 200 day moving average price is $10.80. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

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

Dun & Bradstreet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Analyst Ratings Changes

Several equities analysts have commented on DNB shares. Barclays raised their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada dropped their price objective on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a research note on Friday, November 1st. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

About Dun & Bradstreet

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.