Holocene Advisors LP Decreases Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Holocene Advisors LP cut its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 47.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,166 shares of the business services provider’s stock after selling 186,597 shares during the quarter. Holocene Advisors LP’s holdings in Dun & Bradstreet were worth $2,338,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DNB. Price T Rowe Associates Inc. MD raised its stake in Dun & Bradstreet by 7.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 127,708 shares of the business services provider’s stock valued at $1,283,000 after buying an additional 8,540 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Dun & Bradstreet by 1.6% during the 1st quarter. California State Teachers Retirement System now owns 264,527 shares of the business services provider’s stock worth $2,656,000 after acquiring an additional 4,173 shares in the last quarter. Jane Street Group LLC purchased a new stake in Dun & Bradstreet during the first quarter worth approximately $3,936,000. Tidal Investments LLC boosted its holdings in Dun & Bradstreet by 10.2% in the first quarter. Tidal Investments LLC now owns 30,924 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 2,856 shares in the last quarter. Finally, CWM LLC increased its stake in Dun & Bradstreet by 356.6% in the second quarter. CWM LLC now owns 15,505 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 12,109 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Stock Up 0.1 %

Shares of NYSE:DNB opened at $12.43 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $5.49 billion, a P/E ratio of -157.50, a P/E/G ratio of 3.50 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a 1-year low of $8.77 and a 1-year high of $12.94. The firm has a fifty day moving average price of $11.83 and a 200 day moving average price of $11.01.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $609.10 million for the quarter, compared to analyst estimates of $605.64 million. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. Sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -250.00%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays boosted their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.83.

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.