Cannon Global Investment Management LLC acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,000 shares of the business services provider's stock, valued at approximately $268,000.
Several other large investors have also recently bought and sold shares of DNB. Norges Bank purchased a new position in Dun & Bradstreet in the fourth quarter worth $42,016,000. Raymond James Financial Inc. purchased a new position in Dun & Bradstreet in the fourth quarter worth $26,817,000. Contour Asset Management LLC acquired a new stake in Dun & Bradstreet in the fourth quarter valued at $17,018,000. Dimensional Fund Advisors LP grew its holdings in Dun & Bradstreet by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock valued at $219,566,000 after purchasing an additional 1,350,263 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in 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 valued at $719,863,000 after purchasing an additional 1,275,959 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.
Dun & Bradstreet Price Performance
Shares of DNB remained flat at $9.10 during trading hours on Friday. The company had a trading volume of 1,071,858 shares, compared to its average volume of 6,334,386. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.62. The company 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 fifty-two week low of $7.78 and a fifty-two week high of $12.95. The company's fifty day moving average price is $9.02 and its two-hundred day moving average price is $9.75.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $579.80 million for the quarter, compared to analyst estimates of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.51% and a negative net margin of 0.88%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. Research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.
Insiders Place Their Bets
In other Dun & Bradstreet news, Director Chinh Chu sold 10,885,403 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the sale, the director directly owned 23,810 shares of the company's stock, valued at approximately $213,099.50. This trade represents a 99.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $8.96, for a total value of $22,400,000.00. Following the completion of the sale, the chairman directly owned 5,609,644 shares in the company, valued at approximately $50,262,410.24. The trade was a 30.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.44% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research firms have weighed in on DNB. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Wall Street Zen began coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $11.86.
Read Our Latest Analysis on DNB
About Dun & Bradstreet
(
Free Report)
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.
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