Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed 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 13F filing with the Securities and Exchange Commission. The firm owned 34,501,731 shares of the business services provider's stock after selling 23,272,194 shares during the period. Massachusetts Financial Services Co. MA owned approximately 7.73% of Dun & Bradstreet worth $308,445,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DNB. Victory Capital Management Inc. boosted its holdings in shares of Dun & Bradstreet by 234.8% in the 4th quarter. Victory Capital Management Inc. now owns 123,230 shares of the business services provider's stock valued at $1,535,000 after acquiring an additional 86,422 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dun & Bradstreet in the 4th quarter valued at $323,000. Amundi boosted its holdings in shares of Dun & Bradstreet by 27.9% in the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock valued at $64,000 after acquiring an additional 1,126 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Dun & Bradstreet by 19.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,279 shares of the business services provider's stock valued at $813,000 after acquiring an additional 10,458 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Dun & Bradstreet by 0.7% in the 4th quarter. Swiss National Bank now owns 564,800 shares of the business services provider's stock valued at $7,037,000 after acquiring an additional 3,900 shares during the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm'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 completion of the sale, the chairman directly owned 5,609,644 shares in the company, valued at approximately $50,262,410.24. This trade represents a 30.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chinh Chu sold 10,885,403 shares of the firm'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 owned 23,810 shares of the company's stock, valued at approximately $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on DNB shares. 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 started coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They set a "hold" rating on the stock. Finally, Raymond James Financial downgraded shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.86.

Dun & Bradstreet Stock Performance

NYSE:DNB opened at $9.11 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62. The company has a fifty day moving average of $9.04 and a two-hundred day moving average of $9.61. The stock has a market capitalization of $4.06 billion, a PE ratio of -182.10 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.95.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its quarterly earnings data 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 during 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 for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

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.

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