Massachusetts Financial Services Co. MA Has $308.45 Million Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Massachusetts Financial Services Co. MA reduced its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 40.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,501,731 shares of the business services provider's stock after selling 23,272,194 shares during the quarter. Massachusetts Financial Services Co. MA owned 7.73% of Dun & Bradstreet worth $308,445,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Arizona State Retirement System grew its stake in Dun & Bradstreet by 6.4% during the first quarter. Arizona State Retirement System now owns 88,653 shares of the business services provider's stock worth $793,000 after buying an additional 5,314 shares during the period. Linden Thomas Advisory Services LLC grew its stake in Dun & Bradstreet by 2.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 70,046 shares of the business services provider's stock worth $626,000 after buying an additional 1,573 shares during the period. Financiere des Professionnels Fonds d investissement inc. grew its stake in Dun & Bradstreet by 10.6% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 458,168 shares of the business services provider's stock worth $4,096,000 after buying an additional 43,946 shares during the period. World Investment Advisors grew its stake in Dun & Bradstreet by 7.5% during the first quarter. World Investment Advisors now owns 16,009 shares of the business services provider's stock worth $143,000 after buying an additional 1,118 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Dun & Bradstreet during the first quarter worth $742,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Down 0.1%

NYSE DNB traded down $0.01 during trading hours on Friday, reaching $9.11. 1,978,119 shares of the company traded hands, compared to its average volume of 6,295,165. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month 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. The stock has a market capitalization of $4.06 billion, a PE ratio of -182.10 and a beta of 1.12. The company has a 50 day moving average of $9.05 and a two-hundred day moving average of $9.59.

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

Analyst Ratings Changes

DNB has been the topic of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Wall Street Zen initiated coverage on shares of Dun & Bradstreet in a research report on Wednesday, May 21st. They set a "hold" rating on the stock. Raymond James Financial cut shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research report on Friday, June 13th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.86.

Insider Transactions at Dun & Bradstreet

In other news, Director Chinh Chu sold 10,885,403 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $8.95, for a total value of $97,424,356.85. Following the completion of the sale, the director directly owned 23,810 shares of the company's stock, valued at $213,099.50. This represents a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 directly owned 5,609,644 shares of the company's stock, valued at $50,262,410.24. This trade 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 currently owned by corporate 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.