MQS Management LLC Buys New Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

MQS Management LLC purchased a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,606 shares of the business services provider’s stock, valued at approximately $172,000.

Other institutional investors also recently made changes to their positions in the company. Evermay Wealth Management LLC acquired a new position in shares of Dun & Bradstreet during the first quarter valued at approximately $37,000. Blue Trust Inc. boosted its stake in Dun & Bradstreet by 129.1% during the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,563 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Dun & Bradstreet during the 1st quarter valued at $70,000. Innealta Capital LLC bought a new stake in shares of Dun & Bradstreet in the 1st quarter worth $113,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Dun & Bradstreet in the second quarter valued at $118,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Dun & Bradstreet Stock Performance

Shares of Dun & Bradstreet stock opened at $11.25 on Friday. The stock has a market cap of $4.98 billion, a PE ratio of -140.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a 12 month low of $8.68 and a 12 month 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. The business has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $10.28.

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

Dun & Bradstreet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. Dun & Bradstreet’s payout ratio is -250.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DNB shares. The Goldman Sachs Group boosted their price target on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research report on Monday, August 5th. 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. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Monday, August 5th. JPMorgan Chase & Co. upped their price target on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.85.

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.