Groupe la Francaise Buys New Stake in Dun & Bradstreet Holdings, Inc. $DNB

Key Points

• Groupe la Francaise acquired 424,580 shares of Dun & Bradstreet Holdings, Inc., worth about $3.8 million, representing approximately 0.10% ownership in the company.
• Chairman William P. Foley II significantly reduced his position by selling 2.5 million shares, resulting in a 44.57% decrease in his ownership stake.
• Wall Street analysts currently rate Dun & Bradstreet as a "Hold" with a consensus price target of $11.63, following adjustments in recommendations from firms like Raymond James Financial.

Groupe la Francaise acquired a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 424,580 shares of the business services provider's stock, valued at approximately $3,796,000. Groupe la Francaise owned approximately 0.10% of Dun & Bradstreet at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DNB. Caitong International Asset Management Co. Ltd purchased a new position in shares of Dun & Bradstreet during the 1st quarter worth approximately $68,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter worth approximately $73,000. Oak Thistle LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter worth approximately $93,000. Summit Securities Group LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter worth approximately $93,000. Finally, Neo Ivy Capital Management purchased a new stake in Dun & Bradstreet in the 4th quarter worth approximately $96,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DNB. Needham & Company LLC reaffirmed a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Raymond James Financial cut shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Finally, Wall Street Zen began coverage on shares of Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a "hold" rating for the company. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.63.

Dun & Bradstreet Trading Up 0.5%

Shares of DNB traded up $0.05 during mid-day trading on Wednesday, reaching $9.16. The company had a trading volume of 17,828,715 shares, compared to its average volume of 3,879,425. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -101.72 and a beta of 1.12. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $9.10 and a 200-day simple moving average of $9.05. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.94.

Insider Buying and Selling

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $9.09, for a total transaction of $22,725,000.00. Following the completion of the sale, the chairman directly owned 3,109,644 shares in the company, valued at $28,266,663.96. This represents a 44.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.44% of the stock is owned by corporate insiders.

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.