Massachusetts Financial Services recently announced the acquisition of new stake in Dun & Bradstreet Holdings Inc (NYSE:DNB). The institutional investor has increased its shareholding in the Financial company by 29.10% to 35.53 million shares with purchase of 8.01 million shares. This fresh investment now brings its stake to 8.09% valued currently at $311.22 million. In addition, The Vanguard Group, Inc. raised its holdings by 2.17 million to 25.94 million shares. And Capital Research & Management Co has lifted its position by 0.52% or 63786.0 shares – to 12.4 million shares.
With over 4.73 million Dun & Bradstreet Holdings Inc (DNB) shares trading Tuesday and a closing price of $9.93 on the day, the dollar volume was approximately $46.92 million. The shares have shown a negative half year performance of -2.07% and its price on 11/21/23 lost nearly -0.70%. Currently, there are 435.72M common shares owned by the public and among those 259.38M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for DNB have a consensus price objective of $13.98. The analysts have set the share’s price value over the next 12 months at a high of $18.00 and a low of $10.30. The average price target is 28.97% above its recent price level and an upside to the estimated low will see the stock gain 3.59% over that period. But an upside of 44.83% will see the stock hit the forecast high price target while median target price for the stock is $14.00.
Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 2,498,267 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 29,077,686 shares.
The top 3 mutual fund holders in Dun & Bradstreet Holdings Inc are American Funds Fundamental Invest, Allspring Special Mid Cap Value F, and Vanguard Total Stock Market ETF. American Funds Fundamental Invest owns 9.61 million shares of the company’s stock, all valued at over $84.2 million. The company sold 5920.0 shares recently to bring their total holdings to about 2.19% of the shares outstanding. Vanguard Total Stock Market ETF bought 19282.0 shares to bring its total holdings to over 9.07 million shares at a value of $79.48 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.07% of the shares outstanding.
Shares of Dun & Bradstreet Holdings Inc (NYSE: DNB) opened at $9.94, down -$0.06 from a prior closing price of $10.00. However, the script later moved the day high at 10.02, down -0.70%. The company’s stock has a 5-day price change of 1.85% and -8.14% over the past three months. DNB shares are trading -19.00% year to date (YTD), with the 12-month market performance down to -23.79% lower. It has a 12-month low price of $8.68 and touched a high of $15.45 over the same period. DNB has an average intraday trading volume of 2.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.11%, 1.81%, and -9.26% respectively.
Institutional ownership of Dun & Bradstreet Holdings Inc (NYSE: DNB) shares accounts for 59.56% of the company’s 435.72M shares outstanding. Mutual fund holders own 33.44%, while other institutional holders and individual stakeholders account for 57.91% and 26.17% respectively.
It has a market capitalization of $4.36B and a beta (3y monthly) value of 1.13. The earnings-per-share (ttm) stands at -$0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.48% over the week and 3.06% over the month.
Analysts forecast that Dun & Bradstreet Holdings Inc (DNB) will achieve an EPS of $0.31 for the current quarter, $0.2 for the next quarter and $1.07 for 2024. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -10.16%, and 7.96% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Dun & Bradstreet Holdings Inc (DNB) as a “Moderate Buy” at a consensus score of 2.08. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 4 of the 12 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the DNB, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on October 16, 2023, with the firm’s price target at $16-$14.
