Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman William P. Foley II Sells 2,500,000 Shares of Stock

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman William P. Foley II sold 2,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value of $22,475,000.00. Following the completion of the transaction, the chairman now directly owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dun & Bradstreet Price Performance

NYSE:DNB opened at $8.94 on Friday. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of -148.89, a PEG ratio of 2.21 and a beta of 1.19. 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 business has a 50 day simple moving average of $10.03 and a 200-day simple moving average of $11.22. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The company had revenue of $631.90 million during the quarter, compared to the consensus estimate of $658.04 million. Equities analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio is currently -333.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DNB shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Huber Research raised shares of Dun & Bradstreet to a “strong sell” rating in a report on Monday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday. The Goldman Sachs Group dropped their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.86.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its position in Dun & Bradstreet by 2.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider’s stock valued at $719,863,000 after buying an additional 1,275,959 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dun & Bradstreet by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider’s stock valued at $219,566,000 after acquiring an additional 1,350,263 shares in the last quarter. FMR LLC boosted 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 valued at $156,685,000 after purchasing an additional 1,109,940 shares during the period. Azora Capital LP grew its stake in Dun & Bradstreet by 15.6% in the fourth quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider’s stock worth $114,804,000 after purchasing an additional 1,240,472 shares in the last quarter. Finally, State Street Corp increased its holdings in Dun & Bradstreet by 9.8% during the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock worth $60,167,000 after purchasing an additional 468,027 shares during the period. 86.68% of the stock is currently owned by institutional investors.

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.