Fuller & Thaler Asset Management Inc. Sells 820,790 Shares of Dun & Bradstreet Holdings, Inc. $DNB

Key Points

• Fuller & Thaler Asset Management Inc. reduced its holdings in Dun & Bradstreet Holdings, Inc. by 9.4%, owning approximately 1.78% of the company after selling 820,790 shares in Q1.
• Chairman William P. Foley II sold 2.5 million shares of Dun & Bradstreet, reducing his ownership by 44.57% and netting approximately $22.7 million from the transaction.
• Brokerage ratings for Dun & Bradstreet have shifted, with Raymond James downgrading the stock from "strong-buy" to "market perform," while the consensus rating remains a "hold" with a target price of $11.63.

Fuller & Thaler Asset Management Inc. lowered its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 9.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,951,813 shares of the business services provider's stock after selling 820,790 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.78% of Dun & Bradstreet worth $71,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DNB. Dimensional Fund Advisors LP grew its stake in Dun & Bradstreet by 11.4% in 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 in the last quarter. Vulcan Value Partners LLC grew its stake in Dun & Bradstreet by 50.3% in 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 in the last quarter. Contour Asset Management LLC purchased a new position in Dun & Bradstreet in the fourth quarter valued at about $17,018,000. Azora Capital LP grew its stake in Dun & Bradstreet by 15.6% in 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 in the last quarter. Finally, Bayberry Capital Partners LP purchased a new position in Dun & Bradstreet in the fourth quarter valued at about $14,740,000. Hedge funds and other institutional investors own 86.68% of the company's stock.

Insiders Place Their Bets

In related 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 transaction of $22,725,000.00. Following the completion of the sale, the chairman owned 3,109,644 shares in the company, valued at $28,266,663.96. This represents a 44.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Dun & Bradstreet Stock Down 0.1%

Shares of DNB traded down $0.0050 during trading hours on Friday, hitting $9.1050. 2,315,576 shares of the company were exchanged, compared to its average volume of 3,022,018. The company has a market cap of $4.06 billion, a PE ratio of -101.17 and a beta of 1.12. The firm's 50 day moving average is $9.10 and its 200-day moving average is $9.06. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week 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.

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.