State of New Jersey Common Pension Fund D Sells 65,286 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

State of New Jersey Common Pension Fund D cut its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 24.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,490 shares of the business services provider’s stock after selling 65,286 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Dun & Bradstreet were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Dun & Bradstreet by 14.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,813 shares of the business services provider’s stock worth $150,000 after buying an additional 1,656 shares during the period. Norges Bank purchased a new position in shares of Dun & Bradstreet in the 4th quarter valued at approximately $35,820,000. Trexquant Investment LP bought a new stake in shares of Dun & Bradstreet during the fourth quarter valued at approximately $730,000. Treasurer of the State of North Carolina grew its stake in Dun & Bradstreet by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 120,806 shares of the business services provider’s stock worth $1,413,000 after purchasing an additional 1,180 shares during the period. Finally, Clark Estates Inc. NY lifted its position in Dun & Bradstreet by 2.1% during the fourth quarter. Clark Estates Inc. NY now owns 2,391,000 shares of the business services provider’s stock valued at $27,975,000 after buying an additional 50,000 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Stock Up 2.3 %

DNB opened at $11.51 on Tuesday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -143.88, a PEG ratio of 2.14 and a beta of 1.16. The firm has a 50 day moving average price of $11.44 and a 200-day moving average price of $10.28. Dun & Bradstreet Holdings, Inc. has a twelve month low of $8.68 and a twelve 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.

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

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.74%. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DNB shares. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada lowered their target price on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Barclays upped their price target on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Five equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.