Insider Selling: Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman Sells 2,500,000 Shares of Stock

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman William P. Foley II sold 2,500,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the transaction, the chairman now owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dun & Bradstreet Stock Performance

NYSE:DNB traded down $0.01 on Thursday, reaching $8.94. 16,274,471 shares of the company’s stock were exchanged, compared to its average volume of 3,816,656. The stock has a fifty day simple moving average of $10.08 and a 200-day simple moving average of $11.24. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95. 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 firm has a market cap of $3.94 billion, a price-to-earnings ratio of -148.89, a P/E/G ratio of 2.21 and a beta of 1.19.

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 business had revenue of $631.90 million during the quarter, compared to analysts’ expectations of $658.04 million. As a group, sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

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

Wall Street Analyst Weigh In

DNB has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday. Needham & Company LLC restated a “hold” rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday. The Goldman Sachs Group lowered their target price on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Huber Research upgraded shares of Dun & Bradstreet to a “strong sell” rating in a research report on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Dun & Bradstreet has an average rating of “Hold” and a consensus price target of $11.86.

Institutional Investors Weigh In On Dun & Bradstreet

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amundi grew its stake in Dun & Bradstreet by 27.9% during the fourth quarter. Amundi now owns 5,158 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 1,126 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Dun & Bradstreet by 5.5% in the fourth quarter. Cetera Investment Advisers now owns 23,843 shares of the business services provider’s stock worth $297,000 after purchasing an additional 1,240 shares during the period. Xponance Inc. raised its holdings in shares of Dun & Bradstreet by 16.5% in the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 1,881 shares in the last quarter. Cerity Partners LLC lifted its position in Dun & Bradstreet by 10.1% during the fourth quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 1,909 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Dun & Bradstreet by 8.7% during the 4th quarter. Truist Financial Corp now owns 24,420 shares of the business services provider’s stock worth $304,000 after acquiring an additional 1,958 shares during the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

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.