New World Advisors LLC Increases Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

New World Advisors LLC boosted its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 30.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the business services provider’s stock after buying an additional 3,500 shares during the quarter. New World Advisors LLC’s holdings in Dun & Bradstreet were worth $134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Dun & Bradstreet by 2.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider’s stock worth $719,863,000 after acquiring an additional 1,275,959 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Dun & Bradstreet by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider’s stock worth $219,566,000 after purchasing an additional 1,350,263 shares during the last quarter. FMR LLC boosted its position in Dun & Bradstreet by 9.7% during the fourth quarter. FMR LLC now owns 12,575,015 shares of the business services provider’s stock valued at $156,685,000 after buying an additional 1,109,940 shares during the period. Azora Capital LP grew its stake in shares of Dun & Bradstreet by 15.6% during the fourth quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider’s stock valued at $114,804,000 after buying an additional 1,240,472 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Dun & Bradstreet by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 4,837,658 shares of the business services provider’s stock worth $60,298,000 after buying an additional 160,259 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Price Performance

DNB opened at $9.08 on Thursday. 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 stock has a market capitalization of $4.05 billion, a PE ratio of -181.60 and a beta of 1.12. The stock’s 50 day moving average price is $9.00 and its 200-day moving average price is $9.94. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.95.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share 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 business had revenue of $579.80 million for the quarter, compared to analysts’ expectations of $578.02 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Dun & Bradstreet news, Director Chinh Chu sold 10,885,403 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the completion of the transaction, the director now owns 23,810 shares in the company, valued at approximately $213,099.50. This represents a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction 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 transaction, the chairman now directly owns 5,609,644 shares of the company’s stock, valued at $50,262,410.24. This represents a 30.83% decrease in their position. The disclosure for this sale can be found here. Insiders own 10.44% of the company’s stock.

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.