Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Holdings Lowered by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,798 shares of the business services provider's stock after selling 203,699 shares during the quarter. Mackenzie Financial Corp owned 0.11% of Dun & Bradstreet worth $6,240,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in Dun & Bradstreet by 2.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider's stock valued at $719,863,000 after acquiring an additional 1,275,959 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Dun & Bradstreet by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock valued at $219,566,000 after acquiring an additional 1,350,263 shares during the last quarter. FMR LLC boosted its stake in Dun & Bradstreet by 9.7% during the 4th quarter. FMR LLC now owns 12,575,015 shares of the business services provider's stock valued at $156,685,000 after acquiring an additional 1,109,940 shares during the last quarter. Azora Capital LP boosted its stake in Dun & Bradstreet by 15.6% during the 4th quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider's stock valued at $114,804,000 after acquiring an additional 1,240,472 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Dun & Bradstreet by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 4,837,658 shares of the business services provider's stock valued at $60,298,000 after acquiring an additional 160,259 shares during the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the sale, the chairman now directly owns 5,609,644 shares in the company, valued at approximately $50,262,410.24. The trade was a 30.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction dated 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 owns 23,810 shares in the company, valued at $213,099.50. This trade represents a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,885,403 shares of company stock worth $142,299,357 in the last ninety days. 10.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DNB. Jefferies Financial Group restated a "hold" rating and issued a $9.15 price target (down from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. The Goldman Sachs Group reduced their price target on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Wall Street Zen began coverage on shares of Dun & Bradstreet in a research report on Wednesday, May 21st. They issued a "hold" rating on the stock. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, Dun & Bradstreet currently has an average rating of "Hold" and a consensus price target of $11.86.

Dun & Bradstreet Stock Performance

NYSE:DNB traded up $0.02 during mid-day trading on Monday, hitting $9.03. The stock had a trading volume of 3,086,856 shares, compared to its average volume of 6,078,376. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -150.39, a P/E/G ratio of 2.21 and a beta of 1.14. The company has a 50 day simple moving average of $8.89 and a 200-day simple moving average of $10.31. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $579.80 million for the quarter, compared to the consensus estimate of $578.02 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. Dun & Bradstreet's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. On average, research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

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.