Confluence Investment Management LLC Trims Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Confluence Investment Management LLC decreased its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,957,132 shares of the business services provider’s stock after selling 105,897 shares during the quarter. Confluence Investment Management LLC owned approximately 0.90% of Dun & Bradstreet worth $49,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Dun & Bradstreet by 28.2% in the third quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,284 shares during the period. KBC Group NV grew its stake in shares of Dun & Bradstreet by 33.9% during the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock valued at $114,000 after buying an additional 2,499 shares during the period. Victory Capital Management Inc. boosted its holdings in Dun & Bradstreet by 10.4% in the second quarter. Victory Capital Management Inc. now owns 37,513 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 3,533 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Dun & Bradstreet by 85.1% during the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 4,000 shares during the period. Finally, Perpetual Ltd increased its stake in Dun & Bradstreet by 35.7% during the third quarter. Perpetual Ltd now owns 16,871 shares of the business services provider’s stock worth $194,000 after acquiring an additional 4,439 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Analysts Set New Price Targets

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

Dun & Bradstreet Stock Up 0.5 %

Shares of DNB traded up $0.06 during mid-day trading on Thursday, reaching $12.52. 554,976 shares of the stock traded hands, compared to its average volume of 3,242,353. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of -156.50, a P/E/G ratio of 3.44 and a beta of 1.16. The stock has a fifty day simple moving average of $12.19 and a 200 day simple moving average of $11.37. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. Dun & Bradstreet Holdings, Inc. has a 12-month low of $8.77 and a 12-month high of $12.94.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm 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 firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Sell-side analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.60%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -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.