Contour Asset Management LLC Makes New $17.02 Million Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Contour Asset Management LLC bought a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,365,830 shares of the business services provider's stock, valued at approximately $17,018,000. Dun & Bradstreet makes up 0.5% of Contour Asset Management LLC's investment portfolio, making the stock its 27th biggest holding. Contour Asset Management LLC owned approximately 0.31% of Dun & Bradstreet at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Dun & Bradstreet in the fourth quarter valued at about $42,016,000. Raymond James Financial Inc. acquired a new position in shares of Dun & Bradstreet during the 4th quarter valued at $26,817,000. Dimensional Fund Advisors LP boosted its stake in shares of Dun & Bradstreet by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock worth $219,566,000 after acquiring an additional 1,350,263 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Dun & Bradstreet by 2.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider's stock worth $719,863,000 after buying an additional 1,275,959 shares during the period. Finally, Azora Capital LP boosted its position in shares of Dun & Bradstreet by 15.6% in the fourth quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider's stock worth $114,804,000 after buying an additional 1,240,472 shares during the period. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the sale, the chairman now owns 5,609,644 shares of the company's stock, valued at $50,262,410.24. This represents a 30.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group reiterated a "hold" rating and issued a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. The Goldman Sachs Group decreased their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reissued a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. StockNews.com began coverage on Dun & Bradstreet in a report on Monday, May 5th. They set a "hold" rating on the stock. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Dun & Bradstreet has an average rating of "Hold" and an average target price of $11.86.

Dun & Bradstreet Stock Up 0.2%

DNB stock traded up $0.02 during trading on Monday, reaching $8.97. The stock had a trading volume of 1,242,538 shares, compared to its average volume of 5,979,173. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.95. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The company's 50 day moving average is $8.73 and its two-hundred day moving average is $10.63. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -149.39, a P/E/G ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $579.80 million for the quarter, compared to analysts' expectations of $578.02 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. Dun & Bradstreet's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. Equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.