William P. Foley II Sells 2,500,000 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Stock

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman William P. Foley II sold 2,500,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value of $22,475,000.00. Following the sale, the chairman now owns 8,109,644 shares of the company’s stock, valued at approximately $72,905,699.56. This represents a 23.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dun & Bradstreet Price Performance

Shares of NYSE DNB opened at $8.94 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -148.89, a PEG ratio of 2.21 and a beta of 1.19. The firm’s 50 day simple moving average is $10.03 and its 200-day simple moving average is $11.22. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.95.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm had revenue of $631.90 million during the quarter, compared to analysts’ expectations of $658.04 million. Analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.24%. Dun & Bradstreet’s dividend payout ratio is currently -333.33%.

Analyst Ratings Changes

DNB has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC reiterated a “hold” rating and set a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday. Jefferies Financial Group reissued 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. Huber Research raised shares of Dun & Bradstreet to a “strong sell” rating in a report on Monday. Finally, The Goldman Sachs Group decreased their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Dun & Bradstreet currently has an average rating of “Hold” and a consensus price target of $11.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Azora Capital LP boosted its stake in shares of Dun & Bradstreet by 119.8% in the third quarter. Azora Capital LP now owns 7,973,354 shares of the business services provider’s stock worth $91,773,000 after acquiring an additional 4,346,033 shares during the last quarter. Norges Bank purchased a new position in Dun & Bradstreet in the 4th quarter valued at $42,016,000. Raymond James Financial Inc. acquired a new stake in Dun & Bradstreet during the 4th quarter worth $26,817,000. FMR LLC grew its holdings in shares of Dun & Bradstreet by 17.8% during the third quarter. FMR LLC now owns 11,465,075 shares of the business services provider’s stock worth $131,963,000 after buying an additional 1,733,220 shares in the last quarter. Finally, Contour Asset Management LLC acquired a new stake in shares of Dun & Bradstreet in the fourth quarter valued at about $17,018,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

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.