Northern Trust Corp Acquires 163,692 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Northern Trust Corp increased its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,659,092 shares of the business services provider's stock after acquiring an additional 163,692 shares during the quarter. Northern Trust Corp owned about 0.38% of Dun & Bradstreet worth $20,672,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Dun & Bradstreet in the fourth quarter valued at about $42,016,000. Raymond James Financial Inc. acquired a new position in Dun & Bradstreet in the fourth quarter valued at about $26,817,000. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 1,350,263 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 acquiring an additional 1,275,959 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Dun & Bradstreet by 9.7% in the fourth quarter. FMR LLC now owns 12,575,015 shares of the business services provider's stock worth $156,685,000 after acquiring an additional 1,109,940 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a report on Friday, February 21st. StockNews.com assumed coverage on Dun & Bradstreet in a report on Tuesday, May 13th. They issued a "hold" rating for the company. Royal Bank of Canada restated a "sector perform" rating and issued a $12.00 price target on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $11.86.

Dun & Bradstreet Stock Up 0.1%

DNB stock traded up $0.01 during mid-day trading on Friday, reaching $8.99. The company had a trading volume of 7,393,666 shares, compared to its average volume of 6,090,872. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The stock has a 50 day simple moving average of $8.78 and a two-hundred day simple moving average of $10.56. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -149.73, a PEG ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share 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 the consensus estimate of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The business's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. As a group, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman William P. Foley II sold 2,500,000 shares of the firm'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 now directly owns 5,609,644 shares of the company's stock, valued at $50,262,410.24. This trade represents a 30.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet stock in a transaction that occurred on 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 sale, the director now directly owns 23,810 shares of the company's stock, valued at approximately $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,885,403 shares of company stock valued at $142,299,357 over the last three months. Insiders own 10.44% of the company's stock.

About Dun & Bradstreet

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.