314,466 Shares in Dun & Bradstreet Holdings, Inc. $DNB Acquired by Carmignac Gestion

Key Points

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Carmignac Gestion bought a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 314,466 shares of the business services provider's stock, valued at approximately $2,811,000. Carmignac Gestion owned approximately 0.07% of Dun & Bradstreet at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DNB. Dimensional Fund Advisors LP raised its position in Dun & Bradstreet by 11.4% during the first quarter. Dimensional Fund Advisors LP now owns 19,628,905 shares of the business services provider's stock valued at $175,482,000 after purchasing an additional 2,006,587 shares during the period. Vulcan Value Partners LLC raised its position in Dun & Bradstreet by 50.3% during the first quarter. Vulcan Value Partners LLC now owns 4,103,360 shares of the business services provider's stock valued at $36,684,000 after purchasing an additional 1,373,476 shares during the period. Contour Asset Management LLC purchased a new stake in Dun & Bradstreet during the fourth quarter valued at approximately $17,018,000. Azora Capital LP raised its position in Dun & Bradstreet by 15.6% during the fourth quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider's stock valued at $114,804,000 after purchasing an additional 1,240,472 shares during the period. Finally, Bayberry Capital Partners LP purchased a new stake in Dun & Bradstreet during the fourth quarter valued at approximately $14,740,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $9.09, for a total value of $22,725,000.00. Following the sale, the chairman directly owned 3,109,644 shares in the company, valued at approximately $28,266,663.96. This represents a 44.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 10.44% of the company's stock.

Analysts Set New Price Targets

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

Dun & Bradstreet Trading Up 0.1%

Shares of NYSE DNB traded up $0.0050 during midday trading on Thursday, hitting $9.1050. The company's stock had a trading volume of 1,999,088 shares, compared to its average volume of 2,990,189. 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 business's 50 day moving average is $9.10 and its two-hundred day moving average is $9.13. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.94. The firm has a market cap of $4.06 billion, a P/E ratio of -101.17 and a beta of 1.12.

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.