Prana Capital Management LP reduced its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) by 80.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,110 shares of the business services provider's stock after selling 101,864 shares during the period. Prana Capital Management LP's holdings in Dun & Bradstreet were worth $440,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew 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 acquiring an additional 4,930 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Dun & Bradstreet by 14.1% in the fourth quarter. Northern Trust Corp now owns 658,332 shares of the business services provider's stock valued at $13,489,000 after acquiring an additional 81,601 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Dun & Bradstreet in the fourth quarter valued at approximately $514,000. WINTON GROUP Ltd bought a new position in shares of Dun & Bradstreet in the fourth quarter valued at approximately $426,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Dun & Bradstreet in the fourth quarter valued at approximately $594,000. 85.43% of the stock is owned by institutional investors.
Get Dun & Bradstreet alerts:Dun & Bradstreet Trading Down 2.1 %
NYSE DNB traded down $0.32 during trading hours on Tuesday, reaching $14.88. 39,924 shares of the stock traded hands, compared to its average volume of 1,978,759. The stock has a 50 day simple moving average of $15.20 and a two-hundred day simple moving average of $15.97. Dun & Bradstreet Holdings, Inc. has a 1 year low of $13.67 and a 1 year high of $21.15. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01.
Dun & Bradstreet (NYSE:DNB – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.25 earnings per share for the quarter, meeting analysts' consensus estimates of $0.25. Dun & Bradstreet had a positive return on equity of 11.94% and a negative net margin of 1.27%. The business had revenue of $537.30 million for the quarter, compared to the consensus estimate of $535.92 million. During the same quarter last year, the business posted $0.25 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 1.05 EPS for the current year.Dun & Bradstreet Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.05 per share. 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 1.34%. Dun & Bradstreet's dividend payout ratio (DPR) is currently -333.28%.
Insider Activity
In related news, Director Cannae Holdings, Inc. sold 7,871,685 shares of the firm's stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $13.81, for a total value of $108,707,969.85. Following the sale, the director now directly owns 80,406,356 shares of the company's stock, valued at $1,110,411,776.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard N. Massey sold 100,000 shares of the firm's stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $14.90, for a total value of $1,490,000.00. Following the sale, the director now directly owns 199,882 shares of the company's stock, valued at $2,978,241.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cannae Holdings, Inc. sold 7,871,685 shares of the firm's stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $13.81, for a total value of $108,707,969.85. Following the completion of the sale, the director now directly owns 80,406,356 shares in the company, valued at $1,110,411,776.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,329,350 shares of company stock valued at $128,730,097. 9.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts have weighed in on DNB shares. Barclays reduced their price objective on Dun & Bradstreet from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, July 1st. Royal Bank of Canada lowered Dun & Bradstreet from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $16.00 to $18.00 in a report on Monday, June 6th. Wells Fargo & Company started coverage on Dun & Bradstreet in a report on Wednesday, July 13th. They set an "overweight" rating and a $21.00 price objective for the company. Bank of America raised Dun & Bradstreet from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Dun & Bradstreet from $20.00 to $18.00 in a research report on Friday, July 29th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.33.
Dun & Bradstreet Company Profile
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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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