Vestcor Inc Makes New 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 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 SEC. The fund acquired 300,000 shares of the business services provider's stock, valued at approximately $2,682,000. Vestcor Inc owned approximately 0.07% of Dun & Bradstreet at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors increased its position in shares of Dun & Bradstreet by 7.5% in the 1st quarter. World Investment Advisors now owns 16,009 shares of the business services provider's stock worth $143,000 after purchasing an additional 1,118 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Dun & Bradstreet by 5.5% in the 4th quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider's stock worth $297,000 after purchasing an additional 1,240 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Dun & Bradstreet by 2.3% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 70,046 shares of the business services provider's stock worth $626,000 after purchasing an additional 1,573 shares during the last quarter. Cerity Partners LLC increased its position in shares of Dun & Bradstreet by 10.1% in the 4th quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider's stock worth $259,000 after purchasing an additional 1,909 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Dun & Bradstreet by 5.1% in the 4th quarter. Advisory Services Network LLC now owns 43,415 shares of the business services provider's stock worth $541,000 after purchasing an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company's stock.

Insider Transactions at Dun & Bradstreet

In other Dun & Bradstreet news, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the completion of the transaction, the director directly owned 23,810 shares of the company's stock, valued at $213,099.50. The trade was a 99.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.44% of the stock is owned by insiders.

Analyst Ratings Changes

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

Dun & Bradstreet Stock Performance

Dun & Bradstreet stock remained flat at $9.10 during midday trading on Friday. 2,487,259 shares of the company's stock were exchanged, compared to its average volume of 2,287,750. 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 stock has a fifty day moving average price of $9.08 and a two-hundred day moving average price of $9.38. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -182.00 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.94.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. Dun & Bradstreet's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. Analysts anticipate 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.