CrestPoint Capital Management LLC lifted its stake in Dun & Bradstreet Corp (NYSE:DNB) by 186.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,300 shares of the business services provider’s stock after purchasing an additional 6,700 shares during the period. CrestPoint Capital Management LLC’s holdings in Dun & Bradstreet were worth $1,220,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lincoln National Corp bought a new position in shares of Dun & Bradstreet in the third quarter worth about $487,000. Rhumbline Advisers grew its holdings in shares of Dun & Bradstreet by 9.3% in the third quarter. Rhumbline Advisers now owns 88,274 shares of the business services provider’s stock worth $10,276,000 after purchasing an additional 7,524 shares during the last quarter. Shapiro Capital Management LLC bought a new position in shares of Dun & Bradstreet in the second quarter worth about $98,786,000. Fox Run Management L.L.C. bought a new position in shares of Dun & Bradstreet in the third quarter worth about $454,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Dun & Bradstreet by 7.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 126,097 shares of the business services provider’s stock worth $14,679,000 after purchasing an additional 8,241 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
DNB has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of Dun & Bradstreet in a report on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 price target on the stock. Zacks Investment Research cut shares of Dun & Bradstreet from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Barclays raised shares of Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $105.00 to $125.00 in a research note on Monday, November 13th. Finally, Robert W. Baird lowered their price objective on shares of Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $125.75.
Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.21. Dun & Bradstreet had a net margin of 11.12% and a negative return on equity of 28.31%. The company had revenue of $428.30 million during the quarter, compared to analyst estimates of $428.81 million. During the same period in the prior year, the firm earned $1.79 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. sell-side analysts predict that Dun & Bradstreet Corp will post 7.17 EPS for the current fiscal year.
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Dun & Bradstreet Profile
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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