Victory Capital Management Inc. Buys 243,380 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Victory Capital Management Inc. raised its stake in Dun & Bradstreet Holdings, Inc. by 197.5% during the first quarter, owning 366,610 shares now valued at $3.27 million.
• Dun & Bradstreet reported a quarterly earnings per share (EPS) of $0.21, exceeding analysts' expectations of $0.20, alongside a revenue increase of 2.7% year-over-year.
• Insider activity showed significant sales, with Chairman William P. Foley II and Director Chinh Chu selling millions of shares, resulting in a 30.83% and 99.78% reduction in their respective holdings.

Victory Capital Management Inc. raised its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 197.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 366,610 shares of the business services provider's stock after buying an additional 243,380 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Dun & Bradstreet worth $3,277,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings in Dun & Bradstreet by 6.4% during the 1st quarter. Arizona State Retirement System now owns 88,653 shares of the business services provider's stock valued at $793,000 after buying an additional 5,314 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Dun & Bradstreet by 2.3% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 70,046 shares of the business services provider's stock valued at $626,000 after buying an additional 1,573 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its holdings in Dun & Bradstreet by 10.6% during the 1st quarter. Financiere des Professionnels Fonds d investissement inc. now owns 458,168 shares of the business services provider's stock valued at $4,096,000 after buying an additional 43,946 shares in the last quarter. World Investment Advisors grew its holdings in Dun & Bradstreet by 7.5% during the 1st quarter. World Investment Advisors now owns 16,009 shares of the business services provider's stock valued at $143,000 after buying an additional 1,118 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Dun & Bradstreet during the 1st quarter valued at about $742,000. Hedge funds and other institutional investors own 86.68% of the company's stock.

Dun & Bradstreet Price Performance

NYSE:DNB traded up $0.01 during mid-day trading on Thursday, reaching $9.11. The stock had a trading volume of 303,746 shares, compared to its average volume of 8,792,976. The firm has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $9.40. The stock has a market capitalization of $4.06 billion, a P/E ratio of -182.10 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year 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.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.51% and a negative net margin of 0.88%. Dun & Bradstreet's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. As a group, analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction that occurred 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 sale, the chairman owned 5,609,644 shares in the company, valued at $50,262,410.24. The trade was a 30.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chinh Chu sold 10,885,403 shares of the business's 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 sale, the director 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 disclosure for this sale can be found here. Insiders own 10.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Finally, Wall Street Zen began coverage on Dun & Bradstreet in a research report on Wednesday, May 21st. They set a "hold" rating for the company. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $11.86.

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.