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 lowered its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 832,672 shares of the business services provider's stock after selling 495,488 shares during the quarter. Royce & Associates LP owned approximately 0.19% of Dun & Bradstreet worth $7,444,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DNB. Oak Thistle LLC purchased a new stake in Dun & Bradstreet during the first quarter valued at about $93,000. Neo Ivy Capital Management purchased a new stake in Dun & Bradstreet during the fourth quarter valued at about $96,000. Vest Financial LLC purchased a new stake in Dun & Bradstreet during the first quarter valued at about $106,000. True Link Financial Advisors LLC purchased a new stake in Dun & Bradstreet during the first quarter valued at about $114,000. Finally, Brown Miller Wealth Management LLC purchased a new stake in Dun & Bradstreet during the first quarter valued at about $122,000. Institutional investors own 86.68% of the company's stock.

Wall Street Analyst Weigh In

DNB has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. 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. Finally, Wall Street Zen began coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Dun & Bradstreet currently has a consensus rating of "Hold" and an average target price of $11.86.

Insider Buying and Selling

In other news, Director Chinh Chu sold 10,885,403 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 23,810 shares of the company's stock, valued at approximately $213,099.50. This represents a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction that occurred on 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 sale, 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. Corporate insiders own 10.44% of the company's stock.

Dun & Bradstreet Price Performance

NYSE DNB traded down $0.01 on Wednesday, reaching $9.11. 493,101 shares of the company's stock traded hands, compared to its average volume of 8,846,182. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month 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 stock has a 50-day simple moving average of $9.07 and a 200 day simple moving average of $9.41. The stock has a market cap of $4.06 billion, a PE ratio of -182.10 and a beta of 1.12.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. The business had revenue of $579.80 million for the quarter, compared to analysts' expectations of $578.02 million. During the same period last year, the business earned $0.20 earnings per share. The business's quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current 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.