Dimensional Fund Advisors LP Boosts Stake in Dun & Bradstreet Holdings, Inc. $DNB

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 raised its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 11.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,628,905 shares of the business services provider's stock after acquiring 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.

A number of other hedge funds have also recently made changes to their positions in DNB. World Investment Advisors boosted its stake in shares of Dun & Bradstreet by 7.5% in the 1st quarter. World Investment Advisors now owns 16,009 shares of the business services provider's stock valued at $143,000 after purchasing an additional 1,118 shares in the last quarter. Cetera Investment Advisers lifted its stake in Dun & Bradstreet by 5.5% in the fourth quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider's stock worth $297,000 after purchasing an additional 1,240 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in Dun & Bradstreet by 2.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 70,046 shares of the business services provider's stock valued at $626,000 after buying an additional 1,573 shares during the period. Cerity Partners LLC grew its stake in shares of Dun & Bradstreet by 10.1% during the fourth quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider's stock valued at $259,000 after buying an additional 1,909 shares during the last quarter. Finally, New World Advisors LLC grew its stake in shares of Dun & Bradstreet by 30.4% during the first quarter. New World Advisors LLC now owns 15,000 shares of the business services provider's stock valued at $134,000 after buying an additional 3,500 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman William P. Foley II sold 2,500,000 shares of the firm's 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 sale, the chairman directly owned 3,109,644 shares of the company's stock, valued at approximately $28,266,663.96. This trade represents a 44.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.44% of the company's stock.

Dun & Bradstreet Trading Up 0.5%

Shares of Dun & Bradstreet stock traded up $0.05 during midday trading on Monday, reaching $9.16. 17,828,715 shares of the company's stock traded hands, compared to its average volume of 3,022,018. The company has a market cap of $4.09 billion, a PE ratio of -101.78 and a beta of 1.12. The stock has a 50 day moving average of $9.10 and a 200-day moving average of $9.05. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DNB. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Wall Street Zen assumed coverage on Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a "hold" rating on the stock. Finally, Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.