Dun & Bradstreet (NYSE:DNB) Shares Gap Up – Here’s Why

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) shares gapped up before the market opened on Thursday . The stock had previously closed at $10.84, but opened at $11.70. Dun & Bradstreet shares last traded at $12.18, with a volume of 439,756 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DNB shares. Barclays increased their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Royal Bank of Canada cut their price target on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $17.00 target price on shares of Dun & Bradstreet in a report on Friday. Finally, The Goldman Sachs Group raised their target price on Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.85.

Dun & Bradstreet Trading Up 0.3 %

The firm has a market cap of $5.27 billion, a price-to-earnings ratio of -148.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.71. The company has a 50 day moving average price of $11.47 and a 200 day moving average price of $10.57.

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

Dun & Bradstreet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. Dun & Bradstreet’s payout ratio is currently -249.97%.

Institutional Trading of Dun & Bradstreet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Dun & Bradstreet by 32.2% in the first quarter. Principal Financial Group Inc. now owns 22,848 shares of the business services provider’s stock valued at $229,000 after buying an additional 5,560 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Dun & Bradstreet in the 1st quarter valued at about $622,000. Duality Advisers LP acquired a new stake in shares of Dun & Bradstreet during the first quarter worth about $366,000. Quantbot Technologies LP acquired a new stake in shares of Dun & Bradstreet during the first quarter worth about $1,844,000. Finally, Corbyn Investment Management Inc. MD boosted its stake in shares of Dun & Bradstreet by 29.9% in the first quarter. Corbyn Investment Management Inc. MD now owns 381,330 shares of the business services provider’s stock valued at $3,829,000 after purchasing an additional 87,785 shares during the period. Hedge funds and other institutional investors own 86.68% of the company’s stock.

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.