Bank of New York Mellon Corp Lowers Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Bank of New York Mellon Corp lessened its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,598,762 shares of the business services provider's stock after selling 58,951 shares during the period. Bank of New York Mellon Corp owned 0.36% of Dun & Bradstreet worth $14,293,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Amundi increased its stake in Dun & Bradstreet by 27.9% in the fourth quarter. Amundi now owns 5,158 shares of the business services provider's stock valued at $64,000 after purchasing an additional 1,126 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Dun & Bradstreet in the fourth quarter valued at $96,000. Vest Financial LLC bought a new stake in Dun & Bradstreet in the first quarter valued at $106,000. True Link Financial Advisors LLC bought a new stake in Dun & Bradstreet in the first quarter valued at $114,000. Finally, Xponance Inc. increased its stake in Dun & Bradstreet by 16.5% in the fourth quarter. Xponance Inc. now owns 13,252 shares of the business services provider's stock valued at $165,000 after purchasing an additional 1,881 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company's stock.

Dun & Bradstreet Price Performance

Dun & Bradstreet stock traded down $0.01 during midday trading on Friday, reaching $9.10. 5,746,093 shares of the stock were exchanged, compared to its average volume of 6,320,531. The company's fifty day moving average is $9.05 and its 200-day moving average is $9.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $4.06 billion, a PE ratio of -182.00 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. The business had revenue of $579.80 million during the quarter, compared to analysts' expectations of $578.02 million. During the same quarter in the previous year, the company earned $0.20 EPS. The business's quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DNB shares. Jefferies Financial Group restated a "hold" rating and set a $9.15 price target (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Wall Street Zen started coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They set a "hold" rating on the stock. Finally, Raymond James Financial cut shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $11.86.

Insider Activity

In related news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $8.96, for a total value of $22,400,000.00. Following the completion of the transaction, the chairman directly owned 5,609,644 shares in the company, valued at $50,262,410.24. This trade represents a 30.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chinh Chu sold 10,885,403 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the completion of the transaction, the director owned 23,810 shares of the company's stock, valued at approximately $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.44% of the company's stock.

About Dun & Bradstreet

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.