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

Verition Fund Management LLC trimmed its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 36.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,735 shares of the business services provider’s stock after selling 8,417 shares during the quarter. Verition Fund Management LLC’s holdings in Dun & Bradstreet were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Dun & Bradstreet by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider’s stock worth $650,292,000 after acquiring an additional 3,144,458 shares during the period. Allspring Global Investments Holdings LLC grew its position in Dun & Bradstreet by 7.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock worth $242,690,000 after buying an additional 1,451,705 shares during the period. Dimensional Fund Advisors LP grew its position in Dun & Bradstreet by 14.1% during the second quarter. Dimensional Fund Advisors LP now owns 14,665,247 shares of the business services provider’s stock worth $135,796,000 after buying an additional 1,809,638 shares during the period. FMR LLC grew its position in Dun & Bradstreet by 17.8% during the third quarter. FMR LLC now owns 11,465,075 shares of the business services provider’s stock worth $131,963,000 after buying an additional 1,733,220 shares during the period. Finally, Crescent Grove Advisors LLC grew its position in Dun & Bradstreet by 2.2% during the third quarter. Crescent Grove Advisors LLC now owns 6,176,103 shares of the business services provider’s stock worth $71,087,000 after buying an additional 130,888 shares during the period. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dun & Bradstreet Stock Performance

Shares of DNB opened at $12.27 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of -153.31, a PEG ratio of 3.44 and a beta of 1.16. The company’s 50 day simple moving average is $11.96 and its 200 day simple moving average is $11.14. Dun & Bradstreet Holdings, Inc. has a 1 year low of $8.77 and a 1 year high of $12.94.

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

Dun & Bradstreet Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s payout ratio is currently -250.00%.

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.