Dun & Bradstreet (NYSE:DNB) Coverage Initiated by Analysts at Wall Street Zen

Wall Street Zen began coverage on shares of Dun & Bradstreet (NYSE:DNB) in a research report report published on Wednesday morning. The firm issued a hold rating on the business services provider’s stock.

A number of other research analysts have also recently issued reports on DNB. Jefferies Financial Group reiterated a “hold” rating and issued a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Royal Bank of Canada restated a “sector perform” rating and set a $12.00 price target on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC restated a “hold” rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.86.

Dun & Bradstreet Stock Performance

Dun & Bradstreet stock opened at $8.99 on Wednesday. Dun & Bradstreet has a 12-month low of $7.78 and a 12-month high of $12.95. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $8.87 and its two-hundred day moving average price is $10.48. The stock has a market cap of $4.01 billion, a PE ratio of -149.73, a P/E/G ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The firm had revenue of $579.80 million for the quarter, compared to analysts’ expectations of $578.02 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that Dun & Bradstreet will post 0.96 earnings per share for the current fiscal year.

Insider Transactions at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total value of $22,400,000.00. Following the sale, the chairman now directly owns 5,609,644 shares in the company, valued at $50,262,410.24. This represents a 30.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Chinh Chu sold 10,885,403 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $8.95, for a total value of $97,424,356.85. Following the completion of the sale, the director now owns 23,810 shares in the company, valued at $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,885,403 shares of company stock worth $142,299,357. Insiders own 10.44% of the company’s stock.

Institutional Trading of Dun & Bradstreet

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its holdings in Dun & Bradstreet by 7,875.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 31,894 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Dun & Bradstreet in the fourth quarter valued at approximately $323,000. Charles Schwab Investment Management Inc. boosted its holdings in Dun & Bradstreet by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider’s stock valued at $50,785,000 after acquiring an additional 99,795 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Dun & Bradstreet by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock valued at $20,655,000 after acquiring an additional 141,054 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Dun & Bradstreet by 15.5% in the fourth quarter. Park Avenue Securities LLC now owns 60,548 shares of the business services provider’s stock valued at $754,000 after acquiring an additional 8,103 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.