Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Short Interest Update

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 25,950,000 shares, a drop of 7.2% from the October 31st total of 27,970,000 shares. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is presently 10.3 days. Currently, 8.7% of the shares of the stock are sold short.

Institutional Trading of Dun & Bradstreet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Dun & Bradstreet by 5.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider’s stock valued at $650,292,000 after purchasing an additional 3,144,458 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Dun & Bradstreet by 7.4% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Dun & Bradstreet by 14.1% during the second quarter. Dimensional Fund Advisors LP now owns 14,665,247 shares of the business services provider’s stock worth $135,796,000 after purchasing an additional 1,809,638 shares in the last quarter. FMR LLC increased its position in shares of Dun & Bradstreet by 17.8% in the third quarter. FMR LLC now owns 11,465,075 shares of the business services provider’s stock valued at $131,963,000 after buying an additional 1,733,220 shares in the last quarter. Finally, Azora Capital LP raised its stake in shares of 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 worth $91,773,000 after buying an additional 4,346,033 shares during the period. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Price Performance

Dun & Bradstreet stock traded down $0.08 during mid-day trading on Tuesday, reaching $12.59. 1,372,347 shares of the company traded hands, compared to its average volume of 3,342,201. The firm’s fifty day moving average is $11.76 and its two-hundred day moving average is $10.97. Dun & Bradstreet has a fifty-two week low of $8.77 and a fifty-two week high of $12.94. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last released 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. The firm 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 firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Sell-side analysts anticipate that Dun & Bradstreet will post 0.88 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is currently -250.00%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research report on Monday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday, November 1st. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Barclays boosted their price target on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dun & Bradstreet has an average rating of “Moderate Buy” and an average price target of $13.83.

About Dun & Bradstreet

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.