Poplar Forest Capital Lowers stake in Dun & Bradstreet Corp (DNB)

Dun & Bradstreet Corp (DNB) : Poplar Forest Capital reduced its stake in Dun & Bradstreet Corp by 6.85% during the most recent quarter end. The investment management company now holds a total of 416,433 shares of Dun & Bradstreet Corp which is valued at $57,875,858 after selling 30,620 shares in Dun & Bradstreet Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Dun & Bradstreet Corp makes up approximately 5.01% of Poplar Forest Capital’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd added DNB to its portfolio by purchasing 5,264 company shares during the most recent quarter which is valued at $731,591. Dun & Bradstreet Corp makes up approx 0.19% of Dynamic Technology Lab Private Ltd’s portfolio. Acrospire Investment Management sold out all of its stake in DNB during the most recent quarter. The investment firm sold 100 shares of DNB which is valued $13,997.

Dun & Bradstreet Corp opened for trading at $137.85 and hit $139.31 on the upside on Monday, eventually ending the session at $138.38, with a gain of 0.43% or 0.59 points. The heightened volatility saw the trading volume jump to 2,62,894 shares. Company has a market cap of $5,024 M.

On the company’s financial health, Dun & Bradstreet Corp reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $1.18. The company had revenue of $399.30 million for the quarter, compared to analysts expectations of $393.25 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on Dun & Bradstreet Corp. Company shares were Reiterated by Barclays on Aug 3, 2016 to “Underweight”, Firm has raised the Price Target to $ 125 from a previous price target of $100 .

The Dun & Bradstreet Corporation is the source of commercial data analytics and insight on businesses. The Company’s commercial database contained over 240 million business records. The customers use D&B Risk management solutions to mitigate credit compliance and supplier risk and D&B Sales and marketing solutions to offers data management capabilities. It operates in North America which consists of its operations in the United States and Canada; Asia Pacific which consists of its operations in Australia Greater China India and Asia Pacific across the world network and Europe and other International markets which consists of its operations in the United Kingdom the Netherlands Belgium Latin America and its European across the world network. Its customers include manufacturers wholesalers and retailers in fields as banking technology telecommunications Government and insurance as well as sales marketing and business development professionals.

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