OMERS ADMINISTRATION Corp Invests $3.32 Million in Dun & Bradstreet Holdings, Inc. $DNB

Key Points

• OMERS ADMINISTRATION Corp acquired 371,600 shares of Dun & Bradstreet Holdings, Inc., valued at approximately $3.32 million, representing 0.08% of the company's stock.
• Chairman William P. Foley II sold 2,500,000 shares of Dun & Bradstreet at an average price of $9.09, reducing his ownership by 44.57%.
• Dun & Bradstreet currently has a consensus rating of "Hold", with an average target price of $11.63 according to analyst evaluations.

OMERS ADMINISTRATION Corp bought a new stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 371,600 shares of the business services provider's stock, valued at approximately $3,322,000. OMERS ADMINISTRATION Corp owned approximately 0.08% of Dun & Bradstreet at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Eisler Capital Management Ltd. acquired a new position in shares of Dun & Bradstreet in the first quarter valued at $3,389,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Dun & Bradstreet during the first quarter worth $3,620,000. Gamco Investors INC. ET AL acquired a new position in Dun & Bradstreet during the first quarter worth $983,000. Gabelli Funds LLC acquired a new position in Dun & Bradstreet during the first quarter worth $4,643,000. Finally, Groupe la Francaise acquired a new position in Dun & Bradstreet during the first quarter worth $3,796,000. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Dun & Bradstreet Price Performance

Shares of DNB stock traded up $0.05 during trading hours on Thursday, hitting $9.16. 17,828,715 shares of the company's stock were exchanged, compared to its average volume of 3,879,425. The stock's 50-day moving average is $9.12 and its 200-day moving average is $8.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -101.72 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.94.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Wall Street Zen assumed coverage on Dun & Bradstreet in a research note on Wednesday, May 21st. They set a "hold" rating for the company. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.63.

Insider Activity at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $9.09, for a total transaction of $22,725,000.00. Following the sale, the chairman owned 3,109,644 shares in the company, valued at approximately $28,266,663.96. This represents a 44.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.44% of the company's stock.

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.