Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Stake Increased by Perpetual Ltd

Perpetual Ltd increased its stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 46.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,644 shares of the business services provider’s stock after buying an additional 7,773 shares during the period. Perpetual Ltd’s holdings in Dun & Bradstreet were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its stake in shares of Dun & Bradstreet by 9.8% in the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock worth $60,167,000 after buying an additional 468,027 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Dun & Bradstreet by 23.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,976,053 shares of the business services provider’s stock worth $45,764,000 after buying an additional 760,956 shares during the last quarter. Barclays PLC increased its stake in Dun & Bradstreet by 144.9% during the third quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock valued at $13,728,000 after purchasing an additional 705,707 shares during the last quarter. MML Investors Services LLC increased its stake in Dun & Bradstreet by 62.2% during the third quarter. MML Investors Services LLC now owns 27,795 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 10,658 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Dun & Bradstreet by 7.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock valued at $242,690,000 after purchasing an additional 1,451,705 shares during the last quarter. Institutional investors own 86.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DNB shares. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.13.

Dun & Bradstreet Stock Down 1.5 %

Dun & Bradstreet stock opened at $11.43 on Friday. The company has a 50-day simple moving average of $12.13 and a 200-day simple moving average of $11.63. The firm has a market capitalization of $5.04 billion, a P/E ratio of -142.81, a P/E/G ratio of 2.67 and a beta of 1.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a one year low of $8.77 and a one year high of $12.94.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $609.10 million during the quarter, compared to analyst estimates of $605.64 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. As a group, equities analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.89 earnings per share for the current year.

Dun & Bradstreet Profile

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.