Massachusetts Financial Services has recently announced that it has increased stake in Dun & Bradstreet Holdings Inc (NYSE:DNB) by 29.10%. After grabbing 35.53 million shares, the institutional investor is now in possession of 8.01 million shares of the Financial Company. The new investment brought the stake of investor firm to 8.09% having worth around $376.23 million. Moreover, The Vanguard Group, Inc. increased its share by 2.17 million to have a control over 25.94 million shares. And Capital Research & Management Co raised its holdings to 63786.0 shares by acquiring 12.4 million shares or 2.83% of the stake.
Dun & Bradstreet Holdings Inc (DNB) concluded trading on 12/21/23 at a closing price of $11.80, with 2.06 million shares of worth about $24.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.59% during that period and on Thursday the price saw a gain of about 2.70%. Currently the company’s common shares owned by public are about 435.72M shares, out of which, 259.27M shares are available for trading.
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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 55,781,940 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 9.61 million shares of worth totaling $101.79 million. The company recently came selling 5920.0 shares which brought its stake up to 2.19% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 9.07 million shares, have now control over 2.07% of the stake in the company. It holds 19282.0 shares of worth $96.08 million.
Dun & Bradstreet Holdings Inc (NYSE: DNB) started trading at $11.58, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 11.80, or with a gain of 2.70%. Stock saw a price change of 0.34% in past 5 days and over the past one month there was a price change of 18.83%. Year-to-date (YTD), DNB shares are showing a performance of -3.75% which decreased to -3.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.68 but also hit the highest price of $15.45 during that period. The average intraday trading volume for Dun & Bradstreet Holdings Inc shares is 2.93 million. The stock is currently trading 8.93% above its 20-day simple moving average (SMA20), while that difference is up 17.34% for SMA50 and it goes to 10.05% higher than SMA200.
Massachusetts Financial Services acquired 35.53 million shares of Dun & Bradstreet Holdings Inc having value of about $376.23 million. Data submitted at the U.S SEC by Massachusetts Financial Services revealed that the firm now holds 8.01 million shares in the company valued at close to $94506801.8, or have control over 29.10% stake in the company. Dun & Bradstreet Holdings Inc (NYSE: DNB) currently have 435.72M outstanding shares and institutions hold larger chunk of about 59.61% of that. Holding of mutual funds in the company is about 34.39% while other institutional holders and individual stake holders have control over 57.95% and 25.30% of the stake respectively.
The stock has a current market capitalization of $5.18B and its 3Y-monthly beta is at 1.20. It has posted earnings per share of -$0.06 in the same period. It has Quick Ratio of 0.73 while making debt-to-equity ratio of 1.08. 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 2.46% while standing at 2.50% over the month.
Analysts are in expectations that Dun & Bradstreet Holdings Inc (DNB) stock would likely to be making an EPS of $0.31 in the current quarter, while forecast for next quarter EPS is $0.2 and it is $1.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.26 which is $0.33 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 $0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.31% while it is estimated to increase by 8.08% in next year.
Analysts at 12 brokerage firms have issued recommendations for the Dun & Bradstreet Holdings Inc (DNB)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.75. Out of those 12 Wall Street analysts, 7 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 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 Jefferies on October 16, 2023 offering a Buy rating for the stock and assigned a target price range of between $16 and $14 to it.
