Raymond James Financial Inc. Sells 975,903 Shares of Dun & Bradstreet Holdings, Inc. $DNB

Raymond James Financial Inc. cut its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 45.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,176,367 shares of the business services provider’s stock after selling 975,903 shares during the period. Raymond James Financial Inc. owned 0.26% of Dun & Bradstreet worth $10,517,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Dun & Bradstreet by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 19,628,905 shares of the business services provider’s stock worth $175,482,000 after acquiring an additional 2,006,587 shares during the period. Azora Capital LP raised its position in Dun & Bradstreet by 15.6% in the fourth quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider’s stock worth $114,804,000 after acquiring an additional 1,240,472 shares during the period. Crescent Grove Advisors LLC raised its position in Dun & Bradstreet by 8.1% in the first quarter. Crescent Grove Advisors LLC now owns 6,678,062 shares of the business services provider’s stock worth $59,702,000 after acquiring an additional 498,558 shares during the period. Charles Schwab Investment Management Inc. raised its position in Dun & Bradstreet by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,161,075 shares of the business services provider’s stock worth $37,200,000 after acquiring an additional 85,227 shares during the period. Finally, Vulcan Value Partners LLC raised its position in Dun & Bradstreet by 50.3% in the first quarter. Vulcan Value Partners LLC now owns 4,103,360 shares of the business services provider’s stock worth $36,684,000 after acquiring an additional 1,373,476 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DNB has been the topic of several recent analyst reports. Wall Street Zen initiated coverage on shares of Dun & Bradstreet in a research report on Wednesday, May 21st. They set a “hold” rating on the stock. 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. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.63.

Insiders Place Their Bets

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $9.09, for a total transaction of $22,725,000.00. Following the completion of the transaction, the chairman directly owned 3,109,644 shares of the company’s stock, valued at approximately $28,266,663.96. This trade represents a 44.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 10.44% of the company’s stock.

Dun & Bradstreet Stock Up 0.5%

Shares of DNB stock opened at $9.16 on Friday. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -101.72 and a beta of 1.12. The company’s fifty day moving average price is $9.11 and its 200-day moving average price is $9.01. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.61.

Dun & Bradstreet 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.