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

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction 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 transaction, the chairman now owns 8,109,644 shares in the company, valued at $72,905,699.56. The trade was a 23.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dun & Bradstreet Stock Performance

Shares of NYSE:DNB opened at $8.93 on Friday. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -148.73, a price-to-earnings-growth 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 company’s 50 day simple moving average is $9.99 and its 200 day simple moving average is $11.20.

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 the consensus estimate of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The business had revenue of $631.90 million during the quarter, compared to the consensus estimate of $658.04 million. As a group, research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

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

Institutional Investors Weigh In On Dun & Bradstreet

A number of hedge funds have recently made changes to their positions in the stock. Amundi increased its position in Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,126 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Dun & Bradstreet during the fourth quarter worth $96,000. Paloma Partners Management Co bought a new stake in shares of Dun & Bradstreet during the third quarter worth $117,000. Empowered Funds LLC acquired a new position in shares of Dun & Bradstreet during the fourth quarter worth $127,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Dun & Bradstreet in the 3rd quarter valued at $120,000. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on DNB. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Needham & Company LLC reaffirmed a “hold” rating and set a $14.00 target price on shares of Dun & Bradstreet in a report on Monday, March 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $9.15 price target (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday. The Goldman Sachs Group lowered their price objective 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. Finally, Huber Research upgraded Dun & Bradstreet to a “strong sell” rating in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.86.

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.