Dun & Bradstreet (NYSE:DNB) Sees Strong Trading Volume – Here’s What Happened

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw an uptick in trading volume on Friday . 4,684,937 shares changed hands during trading, an increase of 40% from the previous session’s volume of 3,349,210 shares.The stock last traded at $12.38 and had previously closed at $12.15.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.13.

Dun & Bradstreet Stock Up 1.5 %

The business’s 50 day simple moving average is $12.09 and its 200 day simple moving average is $11.71. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $5.45 billion, a PE ratio of -154.10, a PEG ratio of 2.73 and a beta of 1.15.

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

Institutional Investors Weigh In On Dun & Bradstreet

Several institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in shares of Dun & Bradstreet by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider’s stock worth $650,292,000 after acquiring an additional 3,144,458 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Dun & Bradstreet by 7.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock worth $242,690,000 after purchasing an additional 1,451,705 shares in the last quarter. FMR LLC increased its holdings in Dun & Bradstreet by 17.8% during the 3rd quarter. FMR LLC now owns 11,465,075 shares of the business services provider’s stock worth $131,963,000 after purchasing an additional 1,733,220 shares during the period. Azora Capital LP raised its position in Dun & Bradstreet by 119.8% during the 3rd quarter. Azora Capital LP now owns 7,973,354 shares of the business services provider’s stock valued at $91,773,000 after purchasing an additional 4,346,033 shares in the last quarter. Finally, Crescent Grove Advisors LLC lifted its holdings in shares of Dun & Bradstreet by 2.2% in the 3rd quarter. Crescent Grove Advisors LLC now owns 6,176,103 shares of the business services provider’s stock worth $71,087,000 after buying an additional 130,888 shares during the period. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Company 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.