Harbor Capital Advisors Inc. Raises Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Harbor Capital Advisors Inc. increased its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 96.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,166,781 shares of the business services provider’s stock after acquiring an additional 572,079 shares during the period. Dun & Bradstreet makes up about 0.6% of Harbor Capital Advisors Inc.’s holdings, making the stock its 29th largest holding. Harbor Capital Advisors Inc. owned approximately 0.26% of Dun & Bradstreet worth $13,430,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC acquired a new stake in shares of Dun & Bradstreet in the first quarter valued at $37,000. Blue Trust Inc. grew its holdings in shares of Dun & Bradstreet by 129.1% during the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after purchasing an additional 2,563 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Dun & Bradstreet during the first quarter worth about $70,000. Canada Pension Plan Investment Board grew its holdings in shares of Dun & Bradstreet by 85.1% during the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Xponance Inc. purchased a new position in shares of Dun & Bradstreet during the second quarter worth about $100,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Up 0.2 %

Shares of NYSE DNB opened at $11.91 on Friday. Dun & Bradstreet Holdings, Inc. has a 52-week low of $8.77 and a 52-week high of $12.75. The firm has a fifty day moving average of $11.47 and a 200-day moving average of $10.58. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.71.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. On average, sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. Dun & Bradstreet’s payout ratio is -250.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays raised 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. Royal Bank of Canada reduced their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. lifted 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 reaffirmed a “buy” rating and issued a $17.00 target price on shares of Dun & Bradstreet in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.85.

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.