Envestnet Asset Management Inc. Trims Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Envestnet Asset Management Inc. decreased its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 600,176 shares of the business services provider’s stock after selling 14,453 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.14% of Dun & Bradstreet worth $7,478,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Amundi increased its holdings in shares of Dun & Bradstreet by 27.9% in the fourth quarter. Amundi now owns 5,158 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 1,126 shares during the period. Empowered Funds LLC purchased a new position in Dun & Bradstreet in the 4th quarter valued at $127,000. New World Advisors LLC acquired a new position in Dun & Bradstreet in the 4th quarter valued at $143,000. KBC Group NV raised its position in Dun & Bradstreet by 30.2% during the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider’s stock worth $160,000 after buying an additional 2,983 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Dun & Bradstreet by 16.5% in the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider’s stock worth $165,000 after acquiring an additional 1,881 shares during the period. Institutional investors and hedge funds own 86.68% of the company’s stock.

Wall Street Analysts Forecast Growth

DNB has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC reiterated a “hold” rating and issued a $14.00 price target on shares of Dun & Bradstreet in a report on Monday, March 24th. StockNews.com began coverage on shares of Dun & Bradstreet in a report on Saturday. They set a “hold” rating on the stock. 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, March 25th. Finally, The Goldman Sachs Group decreased their price target 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. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Dun & Bradstreet has an average rating of “Hold” and an average target price of $11.86.

Insider Activity at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total value of $22,475,000.00. Following the completion of the sale, the chairman now owns 8,109,644 shares of the company’s stock, valued at approximately $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 the SEC website. 10.44% of the stock is currently owned by corporate insiders.

Dun & Bradstreet Price Performance

DNB opened at $8.75 on Monday. Dun & Bradstreet Holdings, Inc. has a twelve month low of $7.78 and a twelve month high of $12.95. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -145.73, a PEG ratio of 2.21 and a beta of 1.14. The company has a fifty day simple moving average of $8.96 and a 200 day simple moving average of $10.87.

Dun & Bradstreet (NYSE:DNB) last announced its 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). The business had revenue of $631.90 million for the quarter, compared to analysts’ expectations of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. Equities research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.29%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

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.