Short Interest in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Increases By 7.4%

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 27,970,000 shares, an increase of 7.4% from the October 15th total of 26,050,000 shares. Approximately 9.7% of the shares of the stock are sold short. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is presently 10.5 days.

Institutional Investors Weigh In On Dun & Bradstreet

Several large investors have recently modified their holdings of the company. Swiss National Bank boosted its position in Dun & Bradstreet by 9.2% during the first quarter. Swiss National Bank now owns 520,000 shares of the business services provider’s stock valued at $5,221,000 after acquiring an additional 43,900 shares during the last quarter. Sei Investments Co. boosted its position in shares of Dun & Bradstreet by 11.9% during the 1st quarter. Sei Investments Co. now owns 481,473 shares of the business services provider’s stock valued at $4,833,000 after purchasing an additional 51,228 shares in the last quarter. Vanguard Group Inc. grew its stake in Dun & Bradstreet by 3.3% during the first quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock worth $275,380,000 after purchasing an additional 868,621 shares during the period. Edgestream Partners L.P. bought a new stake in Dun & Bradstreet in the first quarter worth approximately $3,465,000. Finally, Seven Eight Capital LP acquired a new position in Dun & Bradstreet in the first quarter valued at approximately $180,000. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DNB. Royal Bank of Canada cut their target price on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday, November 1st. 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 report on Friday, September 13th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.83.

Dun & Bradstreet Stock Down 0.6 %

Shares of DNB opened at $12.01 on Tuesday. The stock’s 50-day moving average price is $11.55 and its two-hundred day moving average price is $10.82. Dun & Bradstreet has a 12 month low of $8.77 and a 12 month high of $12.75. The company has a market capitalization of $5.30 billion, a PE ratio of -151.06, a PEG ratio of 3.37 and a beta of 1.15. 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 issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The company had revenue of $609.10 million during the quarter, compared to the consensus estimate of $605.64 million. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, analysts anticipate that Dun & Bradstreet will post 0.88 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

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.