Millennium Management LLC Has $9.51 Million Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Millennium Management LLC lowered its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 762,951 shares of the business services provider’s stock after selling 24,493 shares during the period. Millennium Management LLC owned about 0.17% of Dun & Bradstreet worth $9,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DNB. LMR Partners LLP bought a new stake in shares of Dun & Bradstreet during the fourth quarter worth about $2,492,000. Deutsche Bank AG grew its holdings in Dun & Bradstreet by 124.4% during the 4th quarter. Deutsche Bank AG now owns 36,207 shares of the business services provider’s stock worth $451,000 after acquiring an additional 20,069 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Dun & Bradstreet by 325.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 87,700 shares of the business services provider’s stock valued at $1,093,000 after acquiring an additional 67,100 shares during the period. Contour Asset Management LLC acquired a new position in Dun & Bradstreet in the 4th quarter valued at approximately $17,018,000. Finally, Crestline Management LP bought a new position in shares of Dun & Bradstreet during the fourth quarter valued at $2,659,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Wall Street Analysts Forecast Growth

DNB has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Jefferies Financial Group reissued a “hold” rating and issued a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. The Goldman Sachs Group lowered their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Needham & Company LLC reiterated a “hold” rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Finally, Wall Street Zen assumed coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They set a “hold” rating for the company. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.86.

Dun & Bradstreet Trading Down 0.1%

NYSE DNB opened at $8.99 on Monday. The stock has a market capitalization of $4.01 billion, a P/E ratio of -149.73, a P/E/G ratio of 2.21 and a beta of 1.14. The business has a 50 day simple moving average of $8.87 and a 200 day simple moving average of $10.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.95.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The company had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. During the same quarter last year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Chinh Chu sold 10,885,403 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the transaction, the director now directly owns 23,810 shares of the company’s stock, valued at $213,099.50. This represents a 99.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction 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 transaction, the chairman now owns 5,609,644 shares in the company, valued at approximately $50,262,410.24. This represents a 30.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,885,403 shares of company stock worth $142,299,357. 10.44% of the stock is currently owned by company insiders.

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.