Dun & Bradstreet (NYSE:DNB) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Dun & Bradstreet (NYSE:DNB) in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a $17.00 target price on the business services provider’s stock.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group upped their target price on shares of Dun & Bradstreet from $10.30 to $11.50 and gave the company a neutral rating in a research report on Friday, February 16th. Raymond James upgraded shares of Dun & Bradstreet from an outperform rating to a strong-buy rating and set a $18.00 price objective for the company in a research report on Friday, January 5th. Finally, Jefferies Financial Group dropped their price target on Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a research report on Friday, April 12th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Dun & Bradstreet has an average rating of Moderate Buy and an average target price of $13.64.

Dun & Bradstreet Price Performance

Shares of DNB stock opened at $9.72 on Thursday. Dun & Bradstreet has a 1 year low of $8.68 and a 1 year high of $12.62. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.04. The firm’s 50 day moving average is $9.81 and its 200-day moving average is $10.44.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $630.40 million for the quarter, compared to analyst estimates of $623.19 million. Dun & Bradstreet had a positive return on equity of 10.99% and a negative net margin of 1.56%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. As a group, research analysts expect that Dun & Bradstreet 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, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, June 6th. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Insiders Place Their Bets

In related news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $10.09, for a total value of $100,900,000.00. Following the transaction, the director now directly owns 69,048,691 shares in the company, valued at $696,701,292.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Dun & Bradstreet

Several large investors have recently modified their holdings of DNB. Allspring Global Investments Holdings LLC grew its stake in Dun & Bradstreet by 4.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,208,101 shares of the business services provider’s stock worth $166,235,000 after buying an additional 588,460 shares in the last quarter. Vanguard Group Inc. lifted its stake in Dun & Bradstreet by 9.0% during the third quarter. Vanguard Group Inc. now owns 26,295,885 shares of the business services provider’s stock worth $262,696,000 after purchasing an additional 2,176,044 shares during the last quarter. Ariel Investments LLC boosted its holdings in shares of Dun & Bradstreet by 34.3% in the 3rd quarter. Ariel Investments LLC now owns 3,557,872 shares of the business services provider’s stock valued at $35,543,000 after purchasing an additional 908,481 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Dun & Bradstreet by 55.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,699,014 shares of the business services provider’s stock valued at $26,963,000 after purchasing an additional 962,045 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Dun & Bradstreet in the 3rd quarter valued at $2,809,000. 86.68% of the stock is owned by institutional investors and hedge funds.

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.