Confluence Investment Management LLC Buys 29,056 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Confluence Investment Management LLC boosted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,986,188 shares of the business services provider's stock after acquiring an additional 29,056 shares during the quarter. Confluence Investment Management LLC owned 0.89% of Dun & Bradstreet worth $35,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DNB. Amundi lifted its holdings in shares of Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock valued at $64,000 after buying an additional 1,126 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Dun & Bradstreet by 5.5% during the 4th quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider's stock valued at $297,000 after buying an additional 1,240 shares during the period. Xponance Inc. lifted its holdings in shares of Dun & Bradstreet by 16.5% during the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider's stock valued at $165,000 after buying an additional 1,881 shares during the period. Cerity Partners LLC lifted its holdings in shares of Dun & Bradstreet by 10.1% during the 4th 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 period. Finally, Truist Financial Corp lifted its holdings in shares of Dun & Bradstreet by 8.7% during the 4th quarter. Truist Financial Corp now owns 24,420 shares of the business services provider's stock valued at $304,000 after buying an additional 1,958 shares during the period. 86.68% of the stock is owned by institutional investors.

Dun & Bradstreet Price Performance

NYSE:DNB traded up $0.01 on Monday, reaching $9.02. 577,884 shares of the company's stock traded hands, compared to its average volume of 6,068,842. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a 50-day simple moving average of $8.89 and a 200-day simple moving average of $10.33. The firm has a market cap of $4.02 billion, a PE ratio of -150.22, a P/E/G ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.95.

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, beating analysts' consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The business had revenue of $579.80 million for the quarter, compared to analysts' expectations of $578.02 million. During the same period last year, the firm earned $0.20 earnings per share. The business's quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Insider Activity

In other Dun & Bradstreet news, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the sale, the director now directly owns 23,810 shares of the company's stock, valued at $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total value of $22,400,000.00. Following the sale, the chairman now directly owns 5,609,644 shares in the company, valued at $50,262,410.24. The trade was a 30.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,885,403 shares of company stock worth $142,299,357 over the last 90 days. Corporate insiders own 10.44% of the company's stock.

Analysts Set New Price Targets

DNB has been the topic of several research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Jefferies Financial Group reissued a "hold" rating and set a $9.15 price target (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Wall Street Zen assumed coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Finally, The Goldman Sachs Group decreased their target price on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Seven 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 a consensus target price of $11.86.

Dun & Bradstreet 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.