Dun & Bradstreet Holdings, Inc. $DNB Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Dun & Bradstreet Holdings, Inc. by 11.4%, acquiring an additional 2,006,587 shares to own a total of 19,628,905 shares valued at approximately $175.5 million.
• Despite positive institutional interest, analysts have mostly rated Dun & Bradstreet as a "Hold", with a consensus price target of $11.63.
• Insider trading activity included Chairman William P. Foley II selling 2.5 million shares for about $22.7 million, reducing his ownership by 44.57%.

Dimensional Fund Advisors LP increased its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,628,905 shares of the business services provider's stock after buying an additional 2,006,587 shares during the period. Dimensional Fund Advisors LP owned about 4.40% of Dun & Bradstreet worth $175,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Dun & Bradstreet during the 1st quarter worth $68,000. Longfellow Investment Management Co. LLC purchased a new stake in Dun & Bradstreet during the 1st quarter worth $73,000. Oak Thistle LLC purchased a new stake in Dun & Bradstreet during the 1st quarter worth $93,000. Neo Ivy Capital Management purchased a new stake in Dun & Bradstreet during the 4th quarter worth $96,000. Finally, Vest Financial LLC purchased a new stake in Dun & Bradstreet during the 1st quarter worth $106,000. Hedge funds and other institutional investors own 86.68% of the company's stock.

Insider Activity at Dun & Bradstreet

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

Dun & Bradstreet Stock Performance

Shares of NYSE DNB traded down $0.0050 during midday trading on Friday, hitting $9.1050. The company's stock had a trading volume of 2,315,576 shares, compared to its average volume of 2,962,005. Dun & Bradstreet Holdings, Inc. has a 1-year low of $7.78 and a 1-year high of $12.94. The firm's fifty day moving average price is $9.10 and its 200-day moving average price is $9.09. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $4.06 billion, a P/E ratio of -101.17 and a beta of 1.12.

Analysts Set New Price Targets

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

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.