Marshall Wace LLP trimmed its holdings in shares of Dun & Bradstreet Corp (NYSE:DNB) by 42.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,550 shares of the business services provider’s stock after selling 16,200 shares during the quarter. Marshall Wace LLP’s holdings in Dun & Bradstreet were worth $3,071,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in DNB. TD Asset Management Inc. raised its position in shares of Dun & Bradstreet by 211.8% during 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Dun & Bradstreet during the 2nd quarter valued at about $494,000. First Trust Advisors LP raised its position in shares of Dun & Bradstreet by 6.0% during 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 in the last quarter. Victory Capital Management Inc. raised its position in shares of Dun & Bradstreet by 13.3% during 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 in the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in shares of Dun & Bradstreet by 173.2% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 11,200 shares of the business services provider’s stock valued at $1,374,000 after buying an additional 7,100 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
DNB has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Monday, August 27th. TheStreet upgraded shares of Dun & Bradstreet from a “c” rating to a “b-” rating in a research report on Monday, November 19th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $133.40.
Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.13). The firm had revenue of $416.70 million for the quarter, compared to the consensus estimate of $432.51 million. Dun & Bradstreet had a net margin of 13.02% and a negative return on equity of 36.68%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 earnings per share. On average, equities analysts predict that Dun & Bradstreet Corp will post 8.33 earnings per share for the current fiscal 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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