Fmr LLC reduced its position in shares of Dun & Bradstreet Corp (NYSE:DNB) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,112,246 shares of the business services provider’s stock after selling 75,056 shares during the quarter. Fmr LLC owned 3.00% of Dun & Bradstreet worth $158,506,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. BNP Paribas Arbitrage SA boosted its position in Dun & Bradstreet by 85.3% during the second quarter. BNP Paribas Arbitrage SA now owns 10,079 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 4,641 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of Dun & Bradstreet by 211.8% in the 2nd quarter. TD Asset Management Inc. now owns 6,360 shares of the business services provider’s stock valued at $780,000 after buying an additional 4,320 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at $494,000. First Trust Advisors LP raised its holdings in shares of Dun & Bradstreet by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 26,387 shares of the business services provider’s stock valued at $3,236,000 after buying an additional 1,502 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Dun & Bradstreet by 13.3% in the 2nd quarter. Victory Capital Management Inc. now owns 28,356 shares of the business services provider’s stock valued at $3,478,000 after buying an additional 3,331 shares during the period. 84.36% of the stock is currently owned by institutional investors.
DNB has been the topic of several recent research reports. Zacks Investment Research upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Barclays restated an “equal weight” rating and set a $145.00 price target (up previously from $140.00) on shares of Dun & Bradstreet in a report on Friday, August 10th. Finally, TheStreet upgraded Dun & Bradstreet from a “c” rating to a “b-” rating in a report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $133.40.
Shares of NYSE DNB opened at $143.57 on Friday. Dun & Bradstreet Corp has a 1-year low of $105.42 and a 1-year high of $145.00. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.84 and a beta of 1.09.
Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $1.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.98 by ($0.13). Dun & Bradstreet had a negative return on equity of 36.68% and a net margin of 13.02%. The company had revenue of $416.70 million for the quarter, compared to analysts’ expectations of $432.51 million. During the same quarter last year, the company earned $1.79 EPS. Dun & Bradstreet’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities analysts expect that Dun & Bradstreet Corp will post 8.44 earnings per share for the current year.
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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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