Envestnet Asset Management Inc. Cuts Stock Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Envestnet Asset Management Inc. significantly reduced its stake in Dun & Bradstreet Holdings by 78% during the first quarter, leading to ownership of 131,947 shares, valued at approximately $1.18 million.
• Dun & Bradstreet reported $0.21 EPS for the last quarter, exceeding the consensus estimate of $0.20, with a revenue of $579.80 million.
• Institutional investors and hedge funds collectively own 86.68% of Dun & Bradstreet's stock, indicating strong institutional interest.

Envestnet Asset Management Inc. cut its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 78.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,947 shares of the business services provider's stock after selling 468,229 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Dun & Bradstreet were worth $1,180,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Dun & Bradstreet by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock valued at $219,566,000 after purchasing an additional 1,350,263 shares during the last quarter. FMR LLC raised its position in shares of Dun & Bradstreet by 9.7% during the fourth quarter. FMR LLC now owns 12,575,015 shares of the business services provider's stock worth $156,685,000 after acquiring an additional 1,109,940 shares during the last quarter. Azora Capital LP raised its position in shares of Dun & Bradstreet by 15.6% during the fourth quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider's stock worth $114,804,000 after acquiring an additional 1,240,472 shares during the last quarter. Crescent Grove Advisors LLC raised its position in shares of Dun & Bradstreet by 8.1% during the first quarter. Crescent Grove Advisors LLC now owns 6,678,062 shares of the business services provider's stock worth $59,702,000 after acquiring an additional 498,558 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Dun & Bradstreet by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 4,837,658 shares of the business services provider's stock worth $60,298,000 after acquiring an additional 160,259 shares during the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Dun & Bradstreet Stock Down 0.1%

Shares of NYSE DNB traded down $0.01 during midday trading on Wednesday, hitting $9.11. 326,048 shares of the stock traded hands, compared to its average volume of 8,634,898. The company has a market cap of $4.06 billion, a PE ratio of -182.10 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.94. The business has a 50 day moving average price of $9.08 and a two-hundred day moving average price of $9.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62.

Insider Activity at Dun & Bradstreet

In related news, Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet 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 transaction, the director owned 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 filing with the Securities & Exchange Commission, which is available at this link. 10.44% of the stock is currently owned by corporate insiders.

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.