Alberta Investment Management Corp Buys New Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Alberta Investment Management Corp has acquired a new stake in Dun & Bradstreet Holdings, Inc., purchasing 250,000 shares valued at approximately $2.24 million.
• Despite the investment, Dun & Bradstreet's stock recently traded down by 0.1%, reaching $9.10, with a year range between $7.78 and $12.94.
• Multiple analysts maintain a "hold" rating for Dun & Bradstreet, reflecting a consensus among brokerages, with an average target price of $11.86.

Alberta Investment Management Corp acquired a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 250,000 shares of the business services provider's stock, valued at approximately $2,235,000. Alberta Investment Management Corp owned 0.06% of Dun & Bradstreet at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Dun & Bradstreet by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock worth $219,566,000 after buying an additional 1,350,263 shares in the last quarter. FMR LLC increased its holdings in shares of Dun & Bradstreet by 9.7% in the fourth quarter. FMR LLC now owns 12,575,015 shares of the business services provider's stock valued at $156,685,000 after purchasing an additional 1,109,940 shares during the last quarter. Azora Capital LP grew its holdings in Dun & Bradstreet by 15.6% in the 4th quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider's stock valued at $114,804,000 after buying an additional 1,240,472 shares in the last quarter. Crescent Grove Advisors LLC grew its holdings in Dun & Bradstreet by 8.1% in the 1st quarter. Crescent Grove Advisors LLC now owns 6,678,062 shares of the business services provider's stock valued at $59,702,000 after buying an additional 498,558 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Dun & Bradstreet by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 4,837,658 shares of the business services provider's stock worth $60,298,000 after acquiring an additional 160,259 shares during the period. Hedge funds and other institutional investors own 86.68% of the company's stock.

Dun & Bradstreet Stock Down 0.1%

Shares of DNB traded down $0.01 during mid-day trading on Thursday, hitting $9.11. 1,960,245 shares of the company's stock were exchanged, compared to its average volume of 8,596,954. The stock's 50-day moving average is $9.08 and its 200-day moving average is $9.33. The company has a market cap of $4.06 billion, a price-to-earnings ratio of -182.10 and a beta of 1.12. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.94.

Wall Street Analysts Forecast Growth

DNB has been the topic of a number of analyst reports. Raymond James Financial downgraded shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Finally, Wall Street Zen assumed coverage on Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a "hold" rating on the stock. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Dun & Bradstreet presently has an average rating of "Hold" and an average target price of $11.63.

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.