Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Stock Position Lifted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,773,925 shares of the business services provider’s stock after acquiring an additional 1,275,959 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 13.09% of Dun & Bradstreet worth $719,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Amundi increased its stake in Dun & Bradstreet by 27.9% during 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. Paloma Partners Management Co bought a new stake in shares of Dun & Bradstreet during the 3rd quarter valued at about $117,000. Empowered Funds LLC bought a new stake in shares of Dun & Bradstreet during the 4th quarter valued at about $127,000. Y Intercept Hong Kong Ltd acquired a new stake in Dun & Bradstreet during the third quarter worth about $120,000. Finally, New World Advisors LLC bought a new position in Dun & Bradstreet in the fourth quarter worth about $143,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the sale, the chairman now directly owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 10.44% of the company’s stock.

Analyst Upgrades and Downgrades

DNB has been the topic of a number of research reports. The Goldman Sachs Group dropped their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Huber Research raised Dun & Bradstreet to a “strong sell” rating in a research report on Monday, March 24th. Jefferies Financial Group reissued a “hold” rating and set a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. StockNews.com initiated coverage on shares of Dun & Bradstreet in a report on Thursday. They issued a “hold” rating on the stock. Finally, Needham & Company LLC reissued a “hold” rating and set a $14.00 target price on shares of Dun & Bradstreet in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Dun & Bradstreet currently has an average rating of “Hold” and a consensus target price of $11.86.

Dun & Bradstreet Stock Up 0.3 %

DNB stock opened at $8.99 on Thursday. The firm’s 50-day moving average is $9.84 and its two-hundred day moving average is $11.15. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -149.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. On average, analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.22%. Dun & Bradstreet’s dividend payout ratio (DPR) is -333.33%.

Dun & Bradstreet Company 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.