LMR Partners LLP Acquires New Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

LMR Partners LLP purchased a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 200,000 shares of the business services provider's stock, valued at approximately $2,492,000.

Several other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in shares of Dun & Bradstreet by 124.4% in the fourth quarter. Deutsche Bank AG now owns 36,207 shares of the business services provider's stock worth $451,000 after buying an additional 20,069 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Dun & Bradstreet by 325.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 87,700 shares of the business services provider's stock worth $1,093,000 after buying an additional 67,100 shares during the last quarter. Contour Asset Management LLC purchased a new stake in shares of Dun & Bradstreet in the fourth quarter worth about $17,018,000. Crestline Management LP purchased a new stake in shares of Dun & Bradstreet in the fourth quarter worth about $2,659,000. Finally, Cetera Investment Advisers boosted its stake in shares of Dun & Bradstreet by 5.5% in the fourth quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider's stock worth $297,000 after buying an additional 1,240 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.

Insider Transactions at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the transaction, the chairman now owns 5,609,644 shares in the company, valued at $50,262,410.24. The trade was a 30.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the transaction, the director now owns 23,810 shares in the company, valued at approximately $213,099.50. This represents a 99.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,885,403 shares of company stock worth $142,299,357 over the last quarter. 10.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada restated a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Jefferies Financial Group reissued a "hold" rating and set a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Finally, StockNews.com started coverage on Dun & Bradstreet in a research report on Tuesday. They set a "hold" rating for the company. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.86.

Dun & Bradstreet Stock Performance

DNB traded up $0.01 on Friday, hitting $8.99. 7,393,666 shares of the company traded hands, compared to its average volume of 6,080,554. The stock has a market capitalization of $4.01 billion, a PE ratio of -149.73, a PEG ratio of 2.21 and a beta of 1.14. The company has a 50 day moving average of $8.78 and a 200-day moving average of $10.57. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.95. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly 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 business had revenue of $579.80 million for the quarter, compared to analysts' expectations of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Sell-side 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.