Arizona State Retirement System Grows Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Arizona State Retirement System boosted its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,848 shares of the business services provider’s stock after purchasing an additional 7,466 shares during the period. Arizona State Retirement System’s holdings in Dun & Bradstreet were worth $739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Dun & Bradstreet by 31.6% in the fourth quarter. Victory Capital Management Inc. now owns 34,946 shares of the business services provider’s stock worth $409,000 after buying an additional 8,399 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Dun & Bradstreet by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,914,133 shares of the business services provider’s stock worth $34,095,000 after purchasing an additional 215,119 shares during the period. Principal Securities Inc. bought a new stake in shares of Dun & Bradstreet during the fourth quarter worth $208,000. Jump Financial LLC purchased a new stake in shares of Dun & Bradstreet during the fourth quarter valued at $425,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Dun & Bradstreet by 34.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,737,345 shares of the business services provider’s stock worth $113,929,000 after purchasing an additional 2,510,422 shares during the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

Dun & Bradstreet Price Performance

Shares of DNB stock opened at $11.60 on Friday. The stock’s 50-day moving average is $11.21 and its 200 day moving average is $10.24. Dun & Bradstreet Holdings, Inc. has a 1-year low of $8.68 and a 1-year high of $12.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $5.12 billion, a P/E ratio of -145.00, a PEG ratio of 2.14 and a beta of 1.16.

Dun & Bradstreet (NYSE:DNB) last released its quarterly 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. 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 last year, the business earned $0.17 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.72%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of 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. boosted 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. Royal Bank of Canada reduced their price objective on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. StockNews.com cut Dun & Bradstreet from a “hold” rating to a “sell” rating in a report on Friday. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.