Needham & Company LLC Cuts Dun & Bradstreet (NYSE:DNB) Price Target to $14.00

Dun & Bradstreet (NYSE:DNB) had its price target decreased by Needham & Company LLC from $17.00 to $14.00 in a research note published on Friday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet Trading Up 0.1 %

NYSE:DNB opened at $9.45 on Friday. Dun & Bradstreet has a 12 month low of $8.77 and a 12 month high of $12.94. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -157.39, a PEG ratio of 2.21 and a beta of 1.14. The firm has a fifty day simple moving average of $11.63 and a two-hundred day simple moving average of $11.76.

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

Dun & Bradstreet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.05 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.12%. Dun & Bradstreet’s payout ratio is -333.28%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi lifted its position in shares of Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after buying an additional 1,126 shares in the last quarter. Blue Trust Inc. boosted its position in Dun & Bradstreet by 28.2% in the third quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock worth $67,000 after purchasing an additional 1,284 shares during the last quarter. Neo Ivy Capital Management bought a new position in Dun & Bradstreet in the 4th quarter valued at $96,000. KBC Group NV increased its position in shares of Dun & Bradstreet by 33.9% during the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 2,499 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Dun & Bradstreet during the 3rd quarter worth $117,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

About Dun & Bradstreet

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.