Vestcor Inc Makes New $2.68 Million Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Vestcor Inc has established a new position in Dun & Bradstreet Holdings, purchasing 300,000 shares valued at approximately $2.68 million during the first quarter of the year.
• Director Chinh Chu sold over 10 million shares of Dun & Bradstreet stock, marking a significant 99.78% reduction in ownership after the sale.
• The company's recent quarterly earnings surpassed expectations, reporting $0.21 EPS against a consensus estimate of $0.20, and revenue increased by 2.7% year-over-year.

Vestcor Inc purchased a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 300,000 shares of the business services provider's stock, valued at approximately $2,682,000. Vestcor Inc owned about 0.07% of Dun & Bradstreet as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in Dun & Bradstreet in the first quarter worth $6,709,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dun & Bradstreet by 36.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,311 shares of the business services provider's stock worth $798,000 after acquiring an additional 24,032 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Dun & Bradstreet in the first quarter worth about $1,186,000. Burren Capital Advisors Ltd acquired a new stake in Dun & Bradstreet in the first quarter worth about $2,692,000. Finally, Neo Ivy Capital Management increased its position in shares of Dun & Bradstreet by 115.1% during the first quarter. Neo Ivy Capital Management now owns 16,730 shares of the business services provider's stock worth $150,000 after purchasing an additional 8,951 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Stock Down 0.1%

Shares of NYSE:DNB traded down $0.01 during midday trading on Tuesday, hitting $9.11. 1,808,516 shares of the stock were exchanged, compared to its average volume of 8,687,031. The company has a market capitalization of $4.06 billion, a PE ratio of -182.10 and a beta of 1.12. The business's fifty day simple moving average is $9.08 and its two-hundred day simple moving average is $9.33. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.94. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62.

Insiders Place Their Bets

In other news, Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet stock in a transaction that occurred 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 completion of the transaction, the director owned 23,810 shares in the company, valued at approximately $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DNB has been the topic of a number of recent research reports. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Wall Street Zen began coverage on Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a "hold" rating for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company 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.