Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,497,966 shares of the business services provider’s stock after purchasing an additional 3,144,458 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.13% of Dun & Bradstreet worth $650,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DNB. Vanguard Group Inc. boosted its holdings in Dun & Bradstreet by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock valued at $275,380,000 after acquiring an additional 868,621 shares during the period. Seven Eight Capital LP acquired a new position in shares of Dun & Bradstreet in the first quarter valued at approximately $180,000. Capital International Investors increased its stake in Dun & Bradstreet by 11.2% during the 1st quarter. Capital International Investors now owns 13,899,046 shares of the business services provider’s stock worth $139,546,000 after buying an additional 1,402,537 shares during the period. Quadrature Capital Ltd acquired a new stake in Dun & Bradstreet during the 1st quarter worth approximately $137,000. Finally, Magnetar Financial LLC purchased a new position in Dun & Bradstreet in the 1st quarter valued at approximately $809,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Performance

Shares of DNB opened at $12.37 on Friday. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of -154.69, a price-to-earnings-growth ratio of 3.32 and a beta of 1.15. Dun & Bradstreet Holdings, Inc. has a 52-week low of $8.77 and a 52-week high of $12.75. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average price of $11.59 and a 200 day moving average price of $10.86.

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

Dun & Bradstreet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.62%. Dun & Bradstreet’s dividend payout ratio (DPR) is currently -250.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DNB. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada decreased their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dun & Bradstreet has an average rating of “Moderate Buy” and an average target price of $13.83.

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.