Royce & Associates LP Sells 495,488 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Royce & Associates LP reduced its stake in Dun & Bradstreet Holdings, Inc. by 37.3%, currently holding approximately 0.19% of the company, valued at $7.44 million.
• Multiple institutional investors have recently acquired or adjusted their positions in DNB, with Victory Capital Management increasing its stake by 197.5% in the first quarter.
• Analysts have issued varying ratings on Dun & Bradstreet, with a consensus rating of "Hold" and an average price target of $11.86.

Royce & Associates LP trimmed its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 37.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 832,672 shares of the business services provider's stock after selling 495,488 shares during the quarter. Royce & Associates LP owned 0.19% of Dun & Bradstreet worth $7,444,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DNB. Norges Bank bought a new position in Dun & Bradstreet in the fourth quarter valued at $42,016,000. Raymond James Financial Inc. acquired a new stake in Dun & Bradstreet in the 4th quarter valued at $26,817,000. Contour Asset Management LLC acquired a new stake in Dun & Bradstreet in the 4th quarter valued at $17,018,000. Dimensional Fund Advisors LP increased its stake in Dun & Bradstreet by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock valued at $219,566,000 after buying an additional 1,350,263 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Dun & Bradstreet by 2.3% in the 4th 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 buying an additional 1,275,959 shares during the last quarter. 86.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen assumed coverage on shares of Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a "hold" rating for the company. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Finally, Raymond James Financial cut shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Dun & Bradstreet presently has an average rating of "Hold" and an average price target of $11.86.

Insiders Place Their Bets

In related news, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the completion of the transaction, the director owned 23,810 shares of the company's stock, valued at $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $8.96, for a total value of $22,400,000.00. Following the completion of the transaction, the chairman directly owned 5,609,644 shares of the company's stock, valued at approximately $50,262,410.24. This trade represents a 30.83% decrease in their position. The disclosure for this sale can be found here. 10.44% of the stock is currently owned by company insiders.

Dun & Bradstreet Stock Performance

DNB stock traded up $0.02 during midday trading on Friday, reaching $9.12. 1,115,307 shares of the company were exchanged, compared to its average volume of 2,782,019. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -182.46 and a beta of 1.12. The business has a 50-day moving average price of $9.07 and a two-hundred day moving average price of $9.42.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted 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. Dun & Bradstreet had a positive return on equity of 11.51% and a negative net margin of 0.88%. The company had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. During the same quarter last year, the firm earned $0.20 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

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.