Millennium Management LLC Has $4.94 Million Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Millennium Management LLC reduced its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 90.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,719 shares of the business services provider’s stock after selling 5,059,697 shares during the period. Millennium Management LLC owned approximately 0.12% of Dun & Bradstreet worth $4,942,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DNB. Evermay Wealth Management LLC acquired a new position in Dun & Bradstreet in the first quarter valued at approximately $37,000. Blue Trust Inc. raised its stake in shares of Dun & Bradstreet by 129.1% in the second 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 during the last quarter. Headlands Technologies LLC bought a new position in Dun & Bradstreet during the 1st quarter valued at $70,000. Canada Pension Plan Investment Board boosted its holdings in Dun & Bradstreet by 85.1% during the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Xponance Inc. bought a new position in shares of Dun & Bradstreet in the second quarter valued at approximately $100,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Stock Up 0.2 %

Shares of NYSE DNB opened at $11.35 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. Dun & Bradstreet Holdings, Inc. has a 12 month low of $8.68 and a 12 month high of $12.75. The firm has a fifty day simple moving average of $11.67 and a two-hundred day simple moving average of $10.42. The firm has a market capitalization of $5.01 billion, a PE ratio of -141.86, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16.

Dun & Bradstreet (NYSE:DNB) last released 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. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The firm had revenue of $576.20 million for the quarter, compared to the consensus estimate of $580.77 million. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Equities analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.89 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.76%. Dun & Bradstreet’s payout ratio is -249.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.85.

Dun & Bradstreet 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.