Invesco Ltd. Acquires 134,385 Shares of Dun & Bradstreet Holdings, Inc. $DNB

Key Points

• Invesco Ltd. increased its stake in Dun & Bradstreet Holdings by 21.2%, owning 767,313 shares valued at approximately $6.86 million after buying an additional 134,385 shares in the first quarter.
• Chairman William P. Foley II sold 2.5 million shares of Dun & Bradstreet for about $22.73 million, significantly reducing his ownership by 44.57%.
• Dun & Bradstreet's current market cap is approximately $4.08 billion, with a consensus stock rating of "Hold" and a target price of $11.63 from analysts.

Invesco Ltd. grew its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 21.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 767,313 shares of the business services provider's stock after purchasing an additional 134,385 shares during the period. Invesco Ltd. owned about 0.17% of Dun & Bradstreet worth $6,860,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in Dun & Bradstreet by 6.4% in the first quarter. Arizona State Retirement System now owns 88,653 shares of the business services provider's stock worth $793,000 after purchasing an additional 5,314 shares during the period. Alpine Associates Management Inc. acquired a new stake in Dun & Bradstreet in the first quarter worth $9,035,000. Swiss National Bank raised its holdings in Dun & Bradstreet by 6.0% in the first quarter. Swiss National Bank now owns 598,800 shares of the business services provider's stock worth $5,353,000 after purchasing an additional 34,000 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Dun & Bradstreet by 325.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 87,700 shares of the business services provider's stock worth $1,093,000 after purchasing an additional 67,100 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Dun & Bradstreet in the first quarter worth $742,000. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DNB has been the topic of a number of research analyst reports. Wall Street Zen initiated coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They set a "hold" rating on the stock. Raymond James Financial lowered shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Six investment 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 $11.63.

Insiders Place Their Bets

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $9.09, for a total value of $22,725,000.00. Following the completion of the transaction, the chairman owned 3,109,644 shares of the company's stock, valued at approximately $28,266,663.96. This trade represents a 44.57% 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 hyperlink. Company insiders own 10.44% of the company's stock.

Dun & Bradstreet Stock Up 0.5%

Shares of NYSE:DNB traded up $0.05 during midday trading on Friday, reaching $9.16. 17,828,715 shares of the company were exchanged, compared to its average volume of 3,879,425. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.94. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $9.01. The firm has a market cap of $4.08 billion, a PE ratio of -101.72 and a beta of 1.12.

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.