Dun & Bradstreet (NYSE:DNB) Sees Unusually-High Trading Volume – Here’s Why

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw an uptick in trading volume on Monday . 18,277,137 shares changed hands during trading, an increase of 437% from the previous session’s volume of 3,405,545 shares.The stock last traded at $9.00 and had previously closed at $8.73.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Jefferies Financial Group reissued a “hold” rating and set a $9.15 price target (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday. Finally, The Goldman Sachs Group cut their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Dun & Bradstreet presently has a consensus rating of “Hold” and an average target price of $11.86.

Dun & Bradstreet Stock Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The stock has a market cap of $3.96 billion, a PE ratio of -149.31, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. The business has a 50 day moving average price of $10.13 and a two-hundred day moving average price of $11.25.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The firm had revenue of $631.90 million during the quarter, compared to the consensus estimate of $658.04 million. As a group, equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.23%. Dun & Bradstreet’s dividend payout ratio is presently -333.33%.

Institutional Investors Weigh In On Dun & Bradstreet

Several institutional investors and hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Dun & Bradstreet by 2.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider’s stock valued at $719,863,000 after acquiring an additional 1,275,959 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Dun & Bradstreet by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider’s stock worth $219,566,000 after purchasing an additional 1,350,263 shares in the last quarter. FMR LLC boosted its stake in shares of Dun & Bradstreet by 9.7% during the 4th quarter. FMR LLC now owns 12,575,015 shares of the business services provider’s stock valued at $156,685,000 after purchasing an additional 1,109,940 shares in the last quarter. Azora Capital LP boosted its stake in shares of Dun & Bradstreet by 15.6% during the 4th quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider’s stock valued at $114,804,000 after purchasing an additional 1,240,472 shares in the last quarter. Finally, State Street Corp increased its position in shares of Dun & Bradstreet by 9.8% during the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock valued at $60,167,000 after buying an additional 468,027 shares during the period. Hedge funds and other 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.