Dun & Bradstreet Holdings Inc. (NYSE: DNB) Stock In Prove Me State

Massachusetts Financial Services has recently announced that it has increased stake in Dun & Bradstreet Holdings Inc. (NYSE:DNB) by 48.99%. After grabbing 27.52 million shares, the institutional investor is now in possession of 9.05 million shares of the Financial Company. The new investment brought the stake of investor firm to 6.26% having worth around $325.26 million. Moreover, Fuller & Thaler Asset Management, increased its share by 0.62 million to have a control over 9.21 million shares. And BlackRock Fund Advisors raised its holdings to 0.17 million shares by acquiring 9.07 million shares or 2.07% of the stake.

Dun & Bradstreet Holdings Inc. (DNB) concluded trading on 09/14/23 at a closing price of $10.73, with 3.1 million shares of worth about $33.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.98% during that period and on Thursday the price saw a gain of about 1.23%. Currently the company’s common shares owned by public are about 430.50M shares, out of which, 311.20M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the DNB stock and their offered price forecasts bring an average price target of $14.86. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $18.00 and could fall to a lowest price of $11.00. The stock’s current price level is 27.79% above of average price target set by the analysts, while a rise to estimated low would result in gain of 2.45% for the stock. However, touching the estimated high of $18.00 would mean a gain of 40.39% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 2,498,267 shares in 20 of the transactions. In 14 selling transactions, insiders dumped 45,647,487 shares.

American Funds Fundamental Invest, Allspring Special Mid Cap Value F, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Dun & Bradstreet Holdings Inc. American Funds Fundamental Invest is currently holding 9.62 million shares of worth totaling $113.68 million. The company recently came buying 0.2 million shares which brought its stake up to 2.19% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after selling 8.13 million shares, have now control over 1.85% of the stake in the company. It holds 11376.0 shares of worth $96.07 million.

Dun & Bradstreet Holdings Inc. (NYSE: DNB) started trading at $10.69, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 10.83, or with a gain of 1.23%. Stock saw a price change of 2.98% in past 5 days and over the past one month there was a price change of 0.56%. Year-to-date (YTD), DNB shares are showing a performance of -12.48% which decreased to -26.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.50 but also hit the highest price of $15.45 during that period. The average intraday trading volume for Dun & Bradstreet Holdings Inc. shares is 2.49 million. The stock is currently trading 0.45% above its 20-day simple moving average (SMA20), while that difference is down -4.57% for SMA50 and it goes to -9.00% lower than SMA200.

Massachusetts Financial Services acquired 27.52 million shares of Dun & Bradstreet Holdings Inc. having value of about $325.26 million. Data submitted at the U.S SEC by Massachusetts Financial Services revealed that the firm now holds 9.05 million shares in the company valued at close to $97094439.48, or have control over 48.99% stake in the company. Dun & Bradstreet Holdings Inc. (NYSE: DNB) currently have 430.50M outstanding shares and institutions hold larger chunk of about 88.20% of that. Holding of mutual funds in the company is about 30.53% while other institutional holders and individual stake holders have control over 57.93% and 22.16% of the stake respectively.

The stock has a current market capitalization of $4.69B and its 3Y-monthly beta is at 1.05. It has posted earnings per share of -$0.05 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 1.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DNB, volatility over the week remained 1.75% while standing at 2.01% over the month.

Analysts are in expectations that Dun & Bradstreet Holdings Inc. (DNB) stock would likely to be making an EPS of $0.26 in the current quarter, while forecast for next quarter EPS is $0.31 and it is $1.1 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.27 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 96.80% while it is estimated to increase by 11.70% in next year. EPS is likely to grow at an annualized rate of -0.24% for next 5-years, compared to annual growth of -15.00% made by the stock over the past 5-years.

Analysts at 14 brokerage firms have issued recommendations for the Dun & Bradstreet Holdings Inc. (DNB)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 14 Wall Street analysts, 7 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on February 23, 2023 offering a Buy rating for the stock and assigned a target price range of between $15 and $17 to it.