FNY Investment Advisers LLC Purchases New Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

FNY Investment Advisers LLC acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,300 shares of the business services provider’s stock, valued at approximately $145,000.

Several other large investors have also made changes to their positions in DNB. Amundi increased its holdings in Dun & Bradstreet by 27.9% in the fourth quarter. Amundi now owns 5,158 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 1,126 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Dun & Bradstreet during the fourth quarter valued at approximately $96,000. Empowered Funds LLC acquired a new stake in shares of Dun & Bradstreet in the fourth quarter valued at approximately $127,000. New World Advisors LLC acquired a new stake in shares of Dun & Bradstreet in the fourth quarter valued at approximately $143,000. Finally, Vest Financial LLC bought a new stake in Dun & Bradstreet in the 1st quarter valued at $106,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Stock Up 0.3%

Shares of NYSE:DNB opened at $9.07 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $4.05 billion, a P/E ratio of -151.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.95. The stock’s 50-day moving average price is $8.94 and its 200-day moving average price is $10.07.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. During the same period last year, the business earned $0.20 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on DNB. Needham & Company LLC restated a “hold” rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Wall Street Zen assumed coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They set a “hold” rating on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. The Goldman Sachs Group decreased their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, Raymond James lowered Dun & Bradstreet from a “strong-buy” rating to a “market perform” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Dun & Bradstreet presently has a consensus rating of “Hold” and a consensus price target of $11.86.

Insider Buying and Selling

In related news, Director Chinh Chu sold 10,885,403 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were 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 of the company’s stock, valued at approximately $213,099.50. This represents a 99.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman William P. Foley II sold 2,500,000 shares of the 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 of the company’s stock, valued at $50,262,410.24. This trade represents a 30.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,885,403 shares of company stock worth $142,299,357 in the last three months. Insiders own 10.44% of the company’s stock.

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.