Staley Capital Advisers Inc. Buys 450,000 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Staley Capital Advisers Inc. increased its stake in Dun & Bradstreet Holdings, Inc. by 69.2%, acquiring an additional 450,000 shares, bringing its total ownership to 1,100,000 shares valued at approximately $9.83 million.
• Institutional investors now own 86.68% of Dun & Bradstreet's stock, with several hedge funds making new purchases in the company during the first quarter.
• Analysts have given Dun & Bradstreet an average hold rating with a consensus price target of $11.63, reflecting cautious optimism amidst varied ratings adjustments.

Staley Capital Advisers Inc. grew its stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 69.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,000 shares of the business services provider's stock after buying an additional 450,000 shares during the period. Staley Capital Advisers Inc. owned approximately 0.25% of Dun & Bradstreet worth $9,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen LLC purchased a new stake in shares of Dun & Bradstreet in the 1st quarter valued at $5,519,000. Entropy Technologies LP purchased a new stake in shares of Dun & Bradstreet in the 1st quarter valued at $553,000. Invesco Ltd. boosted its stake in shares of Dun & Bradstreet by 21.2% in the 1st quarter. Invesco Ltd. now owns 767,313 shares of the business services provider's stock valued at $6,860,000 after purchasing an additional 134,385 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Dun & Bradstreet in the 1st quarter valued at $1,128,000. Finally, Swiss National Bank boosted its stake in shares of Dun & Bradstreet by 6.0% in the 1st quarter. Swiss National Bank now owns 598,800 shares of the business services provider's stock valued at $5,353,000 after purchasing an additional 34,000 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DNB. 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Finally, Wall Street Zen began coverage on shares of Dun & Bradstreet in a research report on Wednesday, May 21st. They set a "hold" rating for the company. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Dun & Bradstreet currently has an average rating of "Hold" and an average target price of $11.63.

Dun & Bradstreet Trading Down 0.1%

Shares of DNB traded down $0.01 during trading hours on Friday, reaching $9.09. 481,415 shares of the company traded hands, compared to its average volume of 8,418,845. The company's fifty day moving average price is $9.09 and its two-hundred day moving average price is $9.23. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -100.94 and a beta of 1.12. The company has a quick ratio of 0.62, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.94.

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.