Dun & Bradstreet (NYSE:DNB) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Dun & Bradstreet (NYSE:DNB) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $17.00 price objective on the business services provider’s stock.

DNB has been the subject of several other research reports. Raymond James raised shares of Dun & Bradstreet from an outperform rating to a strong-buy rating and set a $18.00 price target for the company in a research note on Friday, January 5th. Jefferies Financial Group decreased their price target on shares of Dun & Bradstreet from $14.00 to $13.00 and set a buy rating for the company in a research note on Friday, April 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the company a neutral rating in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $13.64.

Dun & Bradstreet Trading Up 2.4 %

Shares of NYSE:DNB traded up $0.23 during trading hours on Thursday, hitting $9.72. 3,862,224 shares of the company’s stock traded hands, compared to its average volume of 3,048,875. Dun & Bradstreet has a 1 year low of $8.68 and a 1 year high of $12.62. The business has a fifty day moving average price of $9.81 and a 200-day moving average price of $10.44. The firm has a market capitalization of $4.30 billion, a P/E ratio of -121.50, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.62 and a quick ratio of 0.63.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, February 15th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Dun & Bradstreet had a positive return on equity of 10.99% and a negative net margin of 1.56%. The business had revenue of $630.40 million during the quarter, compared to analyst estimates of $623.19 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Dun & Bradstreet will post 0.88 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, June 6th. Dun & Bradstreet’s dividend payout ratio (DPR) is -250.00%.

Insider Buying and Selling

In other Dun & Bradstreet news, Director Cannae Holdings, Inc. sold 10,000,000 shares of Dun & Bradstreet stock in a transaction on Monday, March 18th. The shares were sold at an average price of $10.09, for a total value of $100,900,000.00. Following the transaction, the director now directly owns 69,048,691 shares of the company’s stock, valued at $696,701,292.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dun & Bradstreet

Several institutional investors and hedge funds have recently bought and sold shares of DNB. Parkside Financial Bank & Trust grew its holdings in Dun & Bradstreet by 7,260.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,797 shares of the business services provider’s stock worth $33,000 after purchasing an additional 2,759 shares during the last quarter. Signaturefd LLC grew its holdings in Dun & Bradstreet by 100.7% in the fourth quarter. Signaturefd LLC now owns 3,541 shares of the business services provider’s stock worth $41,000 after purchasing an additional 1,777 shares during the last quarter. CWM LLC grew its holdings in shares of Dun & Bradstreet by 51.0% during the third quarter. CWM LLC now owns 5,370 shares of the business services provider’s stock valued at $54,000 after buying an additional 1,813 shares during the last quarter. Corton Capital Inc. purchased a new stake in shares of Dun & Bradstreet during the third quarter valued at $105,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Dun & Bradstreet during the third quarter valued at $111,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

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.