Allspring Global Investments Holdings LLC Cuts Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Allspring Global Investments Holdings LLC lowered its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,799,036 shares of the business services provider's stock after selling 3,279,078 shares during the period. Allspring Global Investments Holdings LLC owned about 3.99% of Dun & Bradstreet worth $159,479,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DNB. Illinois Municipal Retirement Fund increased its stake in Dun & Bradstreet by 32.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 200,314 shares of the business services provider's stock valued at $1,791,000 after buying an additional 49,192 shares during the last quarter. New World Advisors LLC increased its position 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 acquiring an additional 3,500 shares during the last quarter. Brickwood Asset Management LLP bought a new stake in Dun & Bradstreet during the first quarter worth $133,000. True Link Financial Advisors LLC purchased a new position in Dun & Bradstreet in the first quarter worth $114,000. Finally, FNY Investment Advisers LLC bought a new position in Dun & Bradstreet in the 1st quarter valued at $145,000. 86.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DNB. Raymond James Financial lowered shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research report on Friday, June 13th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Finally, Wall Street Zen assumed coverage on Dun & Bradstreet in a research report on Wednesday, May 21st. They issued a "hold" rating for the company. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.86.

Dun & Bradstreet Stock Performance

Shares of DNB stock traded up $0.01 during trading on Tuesday, reaching $9.10. 10,614,821 shares of the company's stock traded hands, compared to its average volume of 6,316,813. The firm's 50-day moving average is $9.02 and its 200 day moving average is $9.84. The company has a market capitalization of $4.06 billion, a P/E ratio of -182.00 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a positive return on equity of 11.51% and a negative net margin of 0.88%. The firm had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. During the same period last year, the company earned $0.20 earnings per share. The business's revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Insider Transactions at Dun & Bradstreet

In related news, Director Chinh Chu sold 10,885,403 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the sale, the director owned 23,810 shares of the company's stock, valued at approximately $213,099.50. This represents a 99.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the completion of the sale, the chairman owned 5,609,644 shares in the company, valued at $50,262,410.24. This represents 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 insiders.

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.