First Manhattan Co. lessened its holdings in shares of Dun & Bradstreet Corp (NYSE:DNB) by 6.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,190 shares of the business services provider’s stock after selling 1,135 shares during the period. First Manhattan Co.’s holdings in Dun & Bradstreet were worth $2,307,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of DNB. Bank of New York Mellon Corp increased its position in Dun & Bradstreet by 65.5% during the second quarter. Bank of New York Mellon Corp now owns 826,792 shares of the business services provider’s stock worth $101,407,000 after buying an additional 327,334 shares during the period. Martingale Asset Management L P acquired a new position in Dun & Bradstreet during the second quarter worth approximately $28,615,000. Investec Asset Management LTD increased its position in Dun & Bradstreet by 29.8% during the second quarter. Investec Asset Management LTD now owns 887,561 shares of the business services provider’s stock worth $108,859,000 after buying an additional 203,940 shares during the period. Millennium Management LLC increased its position in Dun & Bradstreet by 179.1% during the first quarter. Millennium Management LLC now owns 278,016 shares of the business services provider’s stock worth $32,528,000 after buying an additional 178,389 shares during the period. Finally, Schroder Investment Management Group increased its position in Dun & Bradstreet by 32.0% during the second quarter. Schroder Investment Management Group now owns 589,873 shares of the business services provider’s stock worth $73,451,000 after buying an additional 142,975 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on DNB. Zacks Investment Research raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine raised Dun & Bradstreet from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Barclays reaffirmed an “equal weight” rating and set a $145.00 price target (up previously from $140.00) on shares of Dun & Bradstreet in a research report on Friday, August 10th. Robert W. Baird lifted their price target on Dun & Bradstreet from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Finally, Wells Fargo & Co lifted their price target on Dun & Bradstreet from $113.00 to $120.00 and gave the stock a “market perform” rating in a research report on Monday, June 25th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $132.00.
Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Wednesday, August 8th. The business services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). Dun & Bradstreet had a net margin of 13.08% and a negative return on equity of 34.95%. The company had revenue of $439.60 million during the quarter, compared to analysts’ expectations of $402.78 million. On average, equities analysts expect that Dun & Bradstreet Corp will post 8.47 EPS for the current year.
Dun & Bradstreet Profile
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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