Thomas H Lee Partners LP grew its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) by 19.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,867,617 shares of the business services provider's stock after purchasing an additional 9,515,754 shares during the period. Dun & Bradstreet comprises approximately 30.6% of Thomas H Lee Partners LP's investment portfolio, making the stock its 2nd biggest holding. Thomas H Lee Partners LP owned approximately 13.33% of Dun & Bradstreet worth $1,013,841,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DNB. Victory Capital Management Inc. raised its holdings in shares of Dun & Bradstreet by 20.6% in the fourth quarter. Victory Capital Management Inc. now owns 28,854 shares of the business services provider's stock valued at $591,000 after purchasing an additional 4,930 shares during the last quarter. Northern Trust Corp increased its holdings in Dun & Bradstreet by 14.1% during the fourth quarter. Northern Trust Corp now owns 658,332 shares of the business services provider's stock worth $13,489,000 after buying an additional 81,601 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Dun & Bradstreet during the fourth quarter worth $565,000. Swiss National Bank acquired a new position in Dun & Bradstreet during the fourth quarter worth $6,803,000. Finally, AlphaCrest Capital Management LLC acquired a new position in Dun & Bradstreet during the fourth quarter worth $514,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.
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Analyst Ratings Changes
DNB has been the topic of a number of recent analyst reports. Royal Bank of Canada downgraded shares of Dun & Bradstreet from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from $16.00 to $18.00 in a report on Monday, June 6th. Credit Suisse Group lowered their target price on shares of Dun & Bradstreet from $30.00 to $23.00 and set an "outperform" rating on the stock in a report on Tuesday, May 10th. Bank of America upgraded shares of Dun & Bradstreet from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $16.00 to $17.00 in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dun & Bradstreet from $20.00 to $18.00 in a report on Friday, July 29th. Finally, Needham & Company LLC decreased their price objective on shares of Dun & Bradstreet from $28.00 to $21.00 in a report on Tuesday, May 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Dun & Bradstreet currently has an average rating of "Hold" and an average target price of $20.33.
Dun & Bradstreet Price Performance
Shares of Dun & Bradstreet stock remained flat at $14.16 during trading on Tuesday. 37,129 shares of the stock were exchanged, compared to its average volume of 2,302,579. The firm's 50 day moving average price is $15.30 and its 200-day moving average price is $16.20. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of -236.46, a PEG ratio of 2.16 and a beta of 0.74. Dun & Bradstreet Holdings, Inc. has a 52 week low of $13.67 and a 52 week high of $21.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79.
Dun & Bradstreet (NYSE:DNB – Get Rating) last announced its earnings results on Thursday, August 4th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.25. The company had revenue of $537.30 million during the quarter, compared to analysts' expectations of $535.92 million. Dun & Bradstreet had a negative net margin of 1.27% and a positive return on equity of 11.94%. Dun & Bradstreet's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. Equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 1.05 earnings per share for the current year.
Dun & Bradstreet Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. Dun & Bradstreet's payout ratio is presently -333.28%.
Insider Buying and Selling
In related news, Director Cannae Holdings, Inc. sold 7,871,685 shares of the company's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $13.81, for a total transaction of $108,707,969.85. Following the completion of the sale, the director now owns 80,406,356 shares of the company's stock, valued at $1,110,411,776.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Anthony M. Jabbour acquired 105,000 shares of the business's stock in a transaction that occurred on Tuesday, June 14th. The stock was acquired at an average price of $13.84 per share, with a total value of $1,453,200.00. Following the completion of the transaction, the chief executive officer now directly owns 359,002 shares of the company's stock, valued at approximately $4,968,587.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cannae Holdings, Inc. sold 7,871,685 shares of the company's stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $13.81, for a total transaction of $108,707,969.85. Following the sale, the director now directly owns 80,406,356 shares of the company's stock, valued at approximately $1,110,411,776.36. The disclosure for this sale can be found here. Insiders sold 9,329,350 shares of company stock valued at $128,730,097 over the last quarter. 9.60% of the stock is owned by company insiders.
About Dun & Bradstreet
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Dun & Bradstreet Holdings, Inc provides business decisioning data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision making; D&B Small Business, a suite of powerful tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and InfoTorg, an online SaaS application.
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