Teacher Retirement System of Texas Makes New $742,000 Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Teacher Retirement System of Texas purchased a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 82,983 shares of the business services provider’s stock, valued at approximately $742,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Dun & Bradstreet in the 4th quarter valued at about $42,016,000. Raymond James Financial Inc. purchased a new position in shares of Dun & Bradstreet in the fourth quarter worth about $26,817,000. Contour Asset Management LLC bought a new stake in shares of Dun & Bradstreet in the fourth quarter valued at approximately $17,018,000. Dimensional Fund Advisors LP lifted its stake in shares of Dun & Bradstreet by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider’s stock valued at $219,566,000 after buying an additional 1,350,263 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Dun & Bradstreet by 2.3% during 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 in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Price Performance

Shares of NYSE DNB opened at $9.11 on Wednesday. The stock’s 50-day simple moving average is $9.04 and its two-hundred day simple moving average is $9.61. Dun & Bradstreet Holdings, Inc. has a twelve month low of $7.78 and a twelve month high of $12.95. The firm has a market capitalization of $4.07 billion, a P/E ratio of -182.20 and a beta of 1.12. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. The company had revenue of $579.80 million for the quarter, compared to analysts’ expectations of $578.02 million. During the same period in the prior year, the business earned $0.20 earnings per share. Dun & Bradstreet’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Chinh Chu sold 10,885,403 shares of the firm’s stock in a transaction dated 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 directly owned 23,810 shares of the company’s stock, valued at approximately $213,099.50. This trade represents a 99.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman William P. Foley II sold 2,500,000 shares of the business’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 owned 5,609,644 shares of the company’s stock, valued at $50,262,410.24. The trade was a 30.83% decrease in their position. The disclosure for this sale can be found here. 10.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DNB. Needham & Company LLC reissued a “hold” rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Jefferies Financial Group reissued a “hold” rating and set a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Wall Street Zen assumed coverage on Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a “hold” rating for the company. Finally, Raymond James Financial cut Dun & Bradstreet from a “strong-buy” rating to a “market perform” rating in a research report on Friday, June 13th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.86.

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.