Arizona State Retirement System Buys 5,314 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Arizona State Retirement System boosted its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 6.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,653 shares of the business services provider’s stock after purchasing an additional 5,314 shares during the quarter. Arizona State Retirement System’s holdings in Dun & Bradstreet were worth $793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DNB. Neo Ivy Capital Management purchased a new position in Dun & Bradstreet during the fourth quarter valued at $96,000. Vest Financial LLC purchased a new stake in Dun & Bradstreet in the 1st quarter valued at about $106,000. True Link Financial Advisors LLC purchased a new stake in Dun & Bradstreet in the 1st quarter valued at about $114,000. Brown Miller Wealth Management LLC bought a new stake in shares of Dun & Bradstreet in the 1st quarter valued at about $122,000. Finally, Brickwood Asset Management LLP bought a new stake in shares of Dun & Bradstreet in the 1st quarter valued at about $133,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Analysts Set New Price Targets

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

Dun & Bradstreet Price Performance

Shares of NYSE DNB opened at $9.11 on Tuesday. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.95. 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 firm has a fifty day moving average of $9.05 and a 200 day moving average of $9.52. The firm has a market cap of $4.06 billion, a PE ratio of -182.10 and a beta of 1.12.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 EPS for the quarter, beating 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 analyst estimates of $578.02 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 completion of the sale, the director directly owned 23,810 shares of the company’s stock, valued at $213,099.50. This trade represents a 99.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were 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 directly owned 5,609,644 shares in the company, valued at $50,262,410.24. The trade was a 30.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.