KLP Kapitalforvaltning AS Buys Shares of 57,500 Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

KLP Kapitalforvaltning AS acquired a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,500 shares of the business services provider’s stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its stake in shares of Dun & Bradstreet by 7,875.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider’s stock worth $402,000 after purchasing an additional 31,894 shares during the last quarter. State Street Corp lifted its stake in shares of Dun & Bradstreet by 9.8% in the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock valued at $60,167,000 after purchasing an additional 468,027 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Dun & Bradstreet during the fourth quarter worth $323,000. Charles Schwab Investment Management Inc. raised its position in Dun & Bradstreet by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider’s stock valued at $50,785,000 after purchasing an additional 99,795 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Dun & Bradstreet by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock valued at $20,655,000 after buying an additional 141,054 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Insider Transactions at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the transaction, the chairman now owns 8,109,644 shares of the company’s stock, valued at $72,905,699.56. This trade represents a 23.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 10.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DNB shares. Jefferies Financial Group restated a “hold” rating and issued a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC restated a “hold” rating and set a $14.00 target price on shares of Dun & Bradstreet in a research report on Monday, March 24th. The Goldman Sachs Group dropped their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Huber Research upgraded Dun & Bradstreet to a “strong sell” rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Dun & Bradstreet has a consensus rating of “Hold” and a consensus price target of $11.86.

Dun & Bradstreet Stock Up 0.2 %

Shares of NYSE DNB opened at $8.96 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The stock’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $11.16. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -149.23, a PEG ratio of 2.21 and a beta of 1.19.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The business had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. As a group, equities analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s payout ratio is currently -333.33%.

Dun & Bradstreet Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.