State of New Jersey Common Pension Fund D Lowers Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

State of New Jersey Common Pension Fund D cut its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 24.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,490 shares of the business services provider’s stock after selling 65,286 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dun & Bradstreet were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DNB. Vanguard Group Inc. boosted its stake in Dun & Bradstreet by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock worth $275,380,000 after purchasing an additional 868,621 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Dun & Bradstreet by 17.9% during the second 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. Capital International Investors grew its stake in Dun & Bradstreet by 11.2% during the first quarter. Capital International Investors now owns 13,899,046 shares of the business services provider’s stock valued at $139,546,000 after acquiring an additional 1,402,537 shares in the last quarter. Crescent Grove Advisors LLC increased its holdings in Dun & Bradstreet by 5.9% in the 2nd quarter. Crescent Grove Advisors LLC now owns 6,045,215 shares of the business services provider’s stock valued at $55,979,000 after acquiring an additional 339,092 shares during the last quarter. Finally, Hawk Ridge Capital Management LP lifted its stake in Dun & Bradstreet by 24.2% in the 4th quarter. Hawk Ridge Capital Management LP now owns 5,768,863 shares of the business services provider’s stock worth $67,496,000 after purchasing an additional 1,123,400 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Trading Up 2.3 %

Shares of DNB opened at $11.51 on Tuesday. 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 company 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 twelve month low of $8.68 and a twelve month high of $12.75. The company’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $10.28.

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

Dun & Bradstreet Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Saturday. Barclays upped their price objective on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 5th. The Goldman Sachs Group upped their price target on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 target price on shares of Dun & Bradstreet in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.