AlphaCore Capital LLC Takes Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

AlphaCore Capital LLC bought a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,564 shares of the business services provider’s stock, valued at approximately $156,000.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Dun & Bradstreet in the 1st quarter worth about $3,936,000. Magnetar Financial LLC acquired a new position in shares of Dun & Bradstreet in the 1st quarter valued at approximately $809,000. Vanguard Group Inc. raised its position in shares of Dun & Bradstreet by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock valued at $275,380,000 after buying an additional 868,621 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Dun & Bradstreet during the 2nd quarter worth approximately $575,000. Finally, Linden Thomas Advisory Services LLC increased its stake in Dun & Bradstreet by 44.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 69,292 shares of the business services provider’s stock valued at $642,000 after acquiring an additional 21,396 shares during the last quarter. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Stock Up 1.7 %

NYSE:DNB opened at $12.59 on Friday. Dun & Bradstreet Holdings, Inc. has a one year low of $8.77 and a one year high of $12.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $5.56 billion, a PE ratio of -157.38, a P/E/G ratio of 3.32 and a beta of 1.15. The firm’s 50 day simple moving average is $11.61 and its 200 day simple moving average is $10.87.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $609.10 million for 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 for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, research analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 1.59%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

DNB has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. Barclays raised their price objective on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Royal Bank of Canada lowered their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Friday, November 1st. 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 company. According to MarketBeat.com, Dun & Bradstreet presently has an average rating of “Moderate Buy” and a consensus target price of $13.83.

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.