Victory Capital Management Inc. Acquires 3,533 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Victory Capital Management Inc. grew its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,513 shares of the business services provider’s stock after acquiring an additional 3,533 shares during the quarter. Victory Capital Management Inc.’s holdings in Dun & Bradstreet were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Versor Investments LP acquired a new stake in Dun & Bradstreet in the 2nd quarter worth $575,000. CIBC Asset Management Inc bought a new position in Dun & Bradstreet during the second quarter valued at about $118,000. Allspring Global Investments Holdings LLC raised its holdings in Dun & Bradstreet by 17.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,633,433 shares of the business services provider’s stock valued at $181,806,000 after acquiring an additional 2,983,677 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Dun & Bradstreet by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,491,636 shares of the business services provider’s stock worth $13,813,000 after acquiring an additional 57,687 shares during the period. Finally, Crescent Grove Advisors LLC grew its holdings in shares of Dun & Bradstreet by 5.9% during the 2nd quarter. Crescent Grove Advisors LLC now owns 6,045,215 shares of the business services provider’s stock worth $55,979,000 after purchasing an additional 339,092 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DNB shares. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research note on Monday, August 5th. The Goldman Sachs Group increased 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. JPMorgan Chase & Co. lifted their price objective on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada dropped their target price 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. Finally, StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Saturday. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.85.

Dun & Bradstreet Stock Up 2.3 %

Shares of NYSE:DNB opened at $11.51 on Tuesday. 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 firm has a market cap of $5.10 billion, a P/E ratio of -143.88, a P/E/G 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’s 50-day moving average price is $11.44 and its two-hundred day moving average price is $10.28.

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

Dun & Bradstreet Dividend Announcement

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

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.