Bank of New York Mellon Corp Sells 58,951 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Bank of New York Mellon Corp decreased its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,598,762 shares of the business services provider’s stock after selling 58,951 shares during the period. Bank of New York Mellon Corp owned about 0.36% of Dun & Bradstreet worth $14,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its holdings in Dun & Bradstreet by 53.9% during the fourth quarter. Sterling Capital Management LLC now owns 18,176 shares of the business services provider’s stock valued at $226,000 after buying an additional 6,366 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dun & Bradstreet in the fourth quarter worth $323,000. D. E. Shaw & Co. Inc. increased its stake in shares of Dun & Bradstreet by 325.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 87,700 shares of the business services provider’s stock worth $1,093,000 after purchasing an additional 67,100 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Dun & Bradstreet by 4.0% in the fourth quarter. Wells Fargo & Company MN now owns 540,405 shares of the business services provider’s stock worth $6,733,000 after purchasing an additional 20,784 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Dun & Bradstreet in the fourth quarter worth $783,000. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Trading Down 0.1%

NYSE DNB opened at $9.10 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -182.00 and a beta of 1.12. The company’s 50-day simple moving average is $9.05 and its two-hundred day simple moving average is $9.54. 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 posted its earnings results on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $579.80 million for 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 revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of Dun & Bradstreet stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the completion of the sale, the chairman directly owned 5,609,644 shares in the company, valued at approximately $50,262,410.24. The trade was a 30.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet stock in a transaction that occurred on Thursday, May 8th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 10.44% of the stock is owned by company insiders.

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.