Shapiro Capital Management LLC Sells 433,294 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Shapiro Capital Management LLC reduced its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 7,890,251 shares of the business services provider’s stock after selling 433,294 shares during the quarter. Dun & Bradstreet makes up 3.3% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Shapiro Capital Management LLC’s holdings in Dun & Bradstreet were worth $98,313,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in 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 purchasing an additional 1,275,959 shares during the period. Dimensional Fund Advisors LP boosted its stake in Dun & Bradstreet by 8.3% in the 4th 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 period. FMR LLC boosted its stake in Dun & Bradstreet by 9.7% in the 4th quarter. FMR LLC now owns 12,575,015 shares of the business services provider’s stock worth $156,685,000 after purchasing an additional 1,109,940 shares during the period. Azora Capital LP boosted its stake in Dun & Bradstreet by 15.6% in the 4th quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider’s stock worth $114,804,000 after purchasing an additional 1,240,472 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Dun & Bradstreet by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 4,837,658 shares of the business services provider’s stock worth $60,298,000 after purchasing an additional 160,259 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DNB has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. StockNews.com initiated coverage on Dun & Bradstreet in a research report on Tuesday. They set a “hold” rating for the company. Jefferies Financial Group reiterated a “hold” rating and set a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.86.

Insider Buying and Selling

In related news, Chairman William P. Foley II sold 2,500,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the transaction, the chairman now directly owns 5,609,644 shares in the company, valued at approximately $50,262,410.24. The trade was a 30.83% 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. Also, Director Chinh Chu sold 10,885,403 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the sale, the director now directly owns 23,810 shares of the company’s stock, valued at approximately $213,099.50. This represents a 99.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,885,403 shares of company stock valued at $142,299,357. 10.44% of the stock is owned by corporate insiders.

Dun & Bradstreet Stock Performance

Dun & Bradstreet stock opened at $8.97 on Friday. The stock has a 50-day moving average price of $8.76 and a 200 day moving average price of $10.58. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -149.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. 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, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $579.80 million during the quarter, compared to analysts’ expectations of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. Dun & Bradstreet’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Sell-side analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

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.