Harbor Capital Advisors Inc. Sells 289,024 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Harbor Capital Advisors Inc. lowered its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 920,077 shares of the business services provider's stock after selling 289,024 shares during the period. Harbor Capital Advisors Inc. owned 0.21% of Dun & Bradstreet worth $8,225,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DNB. Norges Bank purchased a new position in Dun & Bradstreet during the fourth quarter valued at approximately $42,016,000. Raymond James Financial Inc. purchased a new position in Dun & Bradstreet during the fourth quarter valued at approximately $26,817,000. Contour Asset Management LLC purchased a new position in Dun & Bradstreet during the fourth quarter valued at approximately $17,018,000. Dimensional Fund Advisors LP grew its stake in Dun & Bradstreet by 8.3% during 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 acquiring an additional 1,350,263 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Dun & Bradstreet by 2.3% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.

Insider Transactions at Dun & Bradstreet

In related news, Director Chinh Chu sold 10,885,403 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the completion of the sale, the director now directly owns 23,810 shares in the company, valued at $213,099.50. This represents a 99.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction on 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 owns 5,609,644 shares of the company's stock, valued at $50,262,410.24. This represents a 30.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,885,403 shares of company stock worth $142,299,357. 10.44% of the stock is currently owned by insiders.

Dun & Bradstreet Price Performance

Dun & Bradstreet stock traded down $0.01 during mid-day trading on Wednesday, hitting $9.07. 7,890,177 shares of the company traded hands, compared to its average volume of 6,206,504. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.95. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of -151.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. The stock has a fifty day moving average price of $8.90 and a 200-day moving average price of $10.19.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced 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 firm had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. On average, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DNB has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Jefferies Financial Group reiterated 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. Finally, Wall Street Zen initiated coverage on shares of Dun & Bradstreet in a research report on Wednesday, May 21st. They set a "hold" rating for the company. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Dun & Bradstreet has a consensus rating of "Hold" and a consensus price target 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.