Sound Income Strategies LLC Makes New $3.58 Million Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Sound Income Strategies LLC acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 400,393 shares of the business services provider's stock, valued at approximately $3,580,000. Sound Income Strategies LLC owned 0.09% of Dun & Bradstreet at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DNB. Amundi grew its position in Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock worth $64,000 after purchasing an additional 1,126 shares during the period. Neo Ivy Capital Management acquired a new stake in Dun & Bradstreet during the fourth quarter worth about $96,000. Vest Financial LLC purchased a new position in Dun & Bradstreet during the first quarter valued at approximately $106,000. Empowered Funds LLC acquired a new position in Dun & Bradstreet in the fourth quarter valued at approximately $127,000. Finally, New World Advisors LLC acquired a new position in Dun & Bradstreet in the fourth quarter valued at approximately $143,000. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total value of $22,475,000.00. Following the transaction, the chairman now directly owns 8,109,644 shares of the company's stock, valued at $72,905,699.56. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 23,810 shares in the company, valued at approximately $213,099.50. This represents a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,885,403 shares of company stock worth $142,299,357. 10.44% of the stock is owned by corporate insiders.

Dun & Bradstreet Price Performance

Shares of NYSE DNB traded up $0.01 during trading on Wednesday, hitting $9.08. The company had a trading volume of 4,687,710 shares, compared to its average volume of 6,318,165. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.95. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $10.06. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -181.50 and a beta of 1.12.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $578.02 million. During the same period in the previous year, the firm posted $0.20 EPS. Dun & Bradstreet's revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. The Goldman Sachs Group cut their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Finally, Wall Street Zen initiated coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating for the company. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.