Vulcan Value Partners LLC Boosts Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Vulcan Value Partners LLC significantly increased its ownership of Dun & Bradstreet by acquiring 1,373,476 shares, raising its total to approximately 4.1 million shares, which constitutes about 0.7% of its investment portfolio.
• Recent institutional investments include Norges Bank acquiring a new position worth over $42 million, with institutional investors now owning approximately 86.68% of Dun & Bradstreet's stock.
• Dun & Bradstreet reported earnings of $0.21 per share, beating estimates, and anticipates a total earnings per share of 0.96 for the current fiscal year.

Vulcan Value Partners LLC boosted its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 50.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,103,360 shares of the business services provider's stock after buying an additional 1,373,476 shares during the quarter. Dun & Bradstreet accounts for approximately 0.7% of Vulcan Value Partners LLC's investment portfolio, making the stock its 27th largest position. Vulcan Value Partners LLC owned 0.92% of Dun & Bradstreet worth $36,684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DNB. Norges Bank bought a new position in Dun & Bradstreet in the fourth quarter worth about $42,016,000. Raymond James Financial Inc. bought a new position in Dun & Bradstreet in the fourth quarter worth about $26,817,000. Contour Asset Management LLC bought a new position in Dun & Bradstreet in the fourth quarter worth about $17,018,000. Dimensional Fund Advisors LP raised its holdings in Dun & Bradstreet by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock worth $219,566,000 after purchasing an additional 1,350,263 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Dun & Bradstreet by 2.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider's stock worth $719,863,000 after purchasing an additional 1,275,959 shares in the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

Dun & Bradstreet Trading Down 0.1%

Shares of DNB traded down $0.01 during midday trading on Tuesday, reaching $9.11. The company had a trading volume of 1,849,791 shares, compared to its average volume of 8,687,361. Dun & Bradstreet Holdings, Inc. has a 1-year low of $7.78 and a 1-year high of $12.94. The stock has a market cap of $4.06 billion, a PE ratio of -182.10 and a beta of 1.12. The firm has a 50 day simple moving average of $9.08 and a 200-day simple moving average of $9.33. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.06.

Analysts Set New Price Targets

DNB has been the topic of a number of research analyst reports. Wall Street Zen initiated coverage on Dun & Bradstreet in a research note on Wednesday, May 21st. They set a "hold" rating on the stock. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Finally, Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Dun & Bradstreet currently has a consensus rating of "Hold" and an average price target of $11.86.

Insider Buying and Selling at Dun & Bradstreet

In related news, Director Chinh Chu sold 10,885,403 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was 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 in the company, valued at $213,099.50. This trade represents a 99.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.44% of the company's stock.

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.