Envestnet Asset Management Inc. Buys 15,970 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Envestnet Asset Management Inc. increased its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 430,137 shares of the business services provider’s stock after purchasing an additional 15,970 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Dun & Bradstreet worth $3,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of DNB. Evermay Wealth Management LLC bought a new position in Dun & Bradstreet in the 1st quarter worth about $37,000. Blue Trust Inc. raised its holdings in Dun & Bradstreet by 129.1% in the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after purchasing an additional 2,563 shares during the period. Headlands Technologies LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter valued at about $70,000. Innealta Capital LLC bought a new position in shares of Dun & Bradstreet in the first quarter worth approximately $113,000. Finally, CIBC Asset Management Inc bought a new stake in Dun & Bradstreet during the second quarter valued at about $118,000. Institutional investors own 86.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DNB. JPMorgan Chase & Co. lifted their target price on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a report on Monday, August 5th. The Goldman Sachs Group increased their price objective on 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 lowered their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Finally, Barclays boosted their target price on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.85.

Dun & Bradstreet Trading Up 0.7 %

Shares of NYSE:DNB opened at $11.58 on Thursday. The business has a 50-day moving average price of $11.60 and a 200-day moving average price of $10.34. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of -144.69, a PEG ratio of 2.67 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a 52-week low of $8.68 and a 52-week high of $12.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $576.20 million for the quarter, compared to the consensus estimate of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current year.

Dun & Bradstreet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.73%. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

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.