Tabor Asset Management LP Acquires New Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Tabor Asset Management LP acquired a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 52,661 shares of the business services provider's stock, valued at approximately $471,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Dun & Bradstreet during the 4th quarter valued at approximately $42,016,000. Raymond James Financial Inc. acquired a new stake in shares of Dun & Bradstreet during the fourth quarter worth $26,817,000. Contour Asset Management LLC acquired a new stake in shares of Dun & Bradstreet during the fourth quarter worth $17,018,000. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $219,566,000 after buying an additional 1,350,263 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 period. Institutional investors own 86.68% of the company's stock.

Insiders Place Their Bets

In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction on Friday, May 2nd. The stock was 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 owned 5,609,644 shares of the company's stock, valued at approximately $50,262,410.24. This represents a 30.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Chinh Chu sold 10,885,403 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $8.95, for a total value of $97,424,356.85. Following the transaction, the director directly owned 23,810 shares in the company, valued at $213,099.50. This trade represents a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.44% of the company's stock.

Analysts Set New Price Targets

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

Dun & Bradstreet Stock Performance

Dun & Bradstreet stock traded down $0.03 during midday trading on Thursday, reaching $9.11. 1,112,074 shares of the stock traded hands, compared to its average volume of 9,051,085. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.94. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.06. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -182.10 and a beta of 1.12. The firm has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $9.50.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued 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 business had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share 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.