Point72 Asset Management L.P. Raises Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Point72 Asset Management L.P. boosted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 1,216.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,094,368 shares of the business services provider’s stock after purchasing an additional 1,011,268 shares during the quarter. Point72 Asset Management L.P. owned about 0.25% of Dun & Bradstreet worth $10,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evermay Wealth Management LLC purchased a new position in Dun & Bradstreet during the first quarter valued at $37,000. Blue Trust Inc. boosted its stake in Dun & Bradstreet by 129.1% in the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after purchasing an additional 2,563 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Dun & Bradstreet during the 1st quarter valued at about $70,000. Canada Pension Plan Investment Board increased its stake in Dun & Bradstreet by 85.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Xponance Inc. purchased a new position in Dun & Bradstreet in the second quarter worth about $100,000. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Price Performance

Shares of DNB stock opened at $11.51 on Tuesday. Dun & Bradstreet Holdings, Inc. has a twelve month low of $8.68 and a twelve month high of $12.75. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The stock has a fifty day simple moving average of $11.56 and a two-hundred day simple moving average of $10.32. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -143.88, a P/E/G ratio of 2.67 and a beta of 1.16.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $576.20 million during the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. Dun & Bradstreet’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, analysts predict 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 dividend of $0.05 per share. 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 presently -250.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DNB. Royal Bank of Canada decreased their price objective 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. The Goldman Sachs Group upped their price target on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Saturday, September 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.85.

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.