Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Sees Large Decrease in Short Interest

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 25,950,000 shares, a decrease 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 currently 10.3 days. Approximately 8.7% of the shares of the company are short sold.

Dun & Bradstreet Price Performance

Shares of Dun & Bradstreet stock traded down $0.03 during trading hours on Monday, reaching $12.67. 2,502,043 shares of the company’s stock were exchanged, compared to its average volume of 3,350,692. The business has a fifty day moving average of $11.74 and a two-hundred day moving average of $10.96. The company has a market capitalization of $5.59 billion, a P/E ratio of -159.75, a price-to-earnings-growth ratio of 3.53 and a beta of 1.15. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. Dun & Bradstreet has a 1 year low of $8.77 and a 1 year high of $12.94.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data 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 company had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $605.64 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. Dun & Bradstreet’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, research analysts predict that Dun & Bradstreet will post 0.88 earnings per share for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is currently -250.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its stake in Dun & Bradstreet by 28.2% during the third quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock worth $67,000 after acquiring an additional 1,284 shares during the last quarter. OLD National Bancorp IN raised its holdings in Dun & Bradstreet by 6.9% in the 2nd quarter. OLD National Bancorp IN now owns 19,931 shares of the business services provider’s stock valued at $185,000 after buying an additional 1,286 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Dun & Bradstreet by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,708 shares of the business services provider’s stock valued at $127,000 after buying an additional 1,533 shares during the last quarter. KBC Group NV increased its position in shares of Dun & Bradstreet by 33.9% during the third quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 2,499 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Dun & Bradstreet by 10.2% in the 1st quarter. Tidal Investments LLC now owns 30,924 shares of the business services provider’s stock worth $310,000 after acquiring an additional 2,856 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price objective on Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research report on Monday, August 5th. StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays lifted their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. increased their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday, November 1st. 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. According to MarketBeat, Dun & Bradstreet currently has a consensus 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.