Dun & Bradstreet Corp (DNB) Position Reduced by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio lessened its stake in Dun & Bradstreet Corp (NYSE:DNB) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 141,543 shares of the business services provider’s stock after selling 776 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Dun & Bradstreet were worth $17,360,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Dun & Bradstreet by 5.0% in the 2nd quarter. Amalgamated Bank now owns 8,143 shares of the business services provider’s stock worth $999,000 after buying an additional 390 shares during the period. Cambiar Investors LLC grew its holdings in Dun & Bradstreet by 1.1% during the 2nd quarter. Cambiar Investors LLC now owns 36,962 shares of the business services provider’s stock worth $4,533,000 after acquiring an additional 392 shares in the last quarter. AGF Investments America Inc. grew its holdings in Dun & Bradstreet by 2.4% during the 2nd quarter. AGF Investments America Inc. now owns 20,935 shares of the business services provider’s stock worth $2,568,000 after acquiring an additional 486 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in Dun & Bradstreet by 11.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 5,696 shares of the business services provider’s stock worth $699,000 after acquiring an additional 586 shares in the last quarter. Finally, Crawford Investment Counsel Inc. grew its holdings in Dun & Bradstreet by 4.4% during the 1st quarter. Crawford Investment Counsel Inc. now owns 17,385 shares of the business services provider’s stock worth $2,034,000 after acquiring an additional 725 shares in the last quarter. 88.68% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Wells Fargo & Co increased their target price on shares of Dun & Bradstreet from $113.00 to $120.00 and gave the stock a “market perform” rating in a report on Monday, June 25th. Robert W. Baird reiterated a “neutral” rating and set a $127.00 target price on shares of Dun & Bradstreet in a report on Monday, June 18th. Barclays reiterated an “equal weight” rating and set a $145.00 target price (up from $140.00) on shares of Dun & Bradstreet in a report on Friday, August 10th. Finally, ValuEngine upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Dun & Bradstreet currently has an average rating of “Hold” and an average price target of $132.00.
Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Wednesday, August 8th. The business services provider reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). Dun & Bradstreet had a net margin of 13.08% and a negative return on equity of 34.95%. The firm had revenue of $439.60 million during the quarter, compared to the consensus estimate of $402.78 million. equities research analysts forecast that Dun & Bradstreet Corp will post 8.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Wednesday, August 22nd were issued a $0.5225 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, August 21st. Dun & Bradstreet’s dividend payout ratio is currently 28.40%.
About Dun & Bradstreet
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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