CenterBook Partners LP Sells 111,402 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

CenterBook Partners LP lessened its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 24.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 351,907 shares of the business services provider’s stock after selling 111,402 shares during the quarter. CenterBook Partners LP’s holdings in Dun & Bradstreet were worth $4,385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Dun & Bradstreet during the 4th quarter worth approximately $42,016,000. Raymond James Financial Inc. bought a new stake in shares of Dun & Bradstreet during the fourth quarter worth approximately $26,817,000. Massachusetts Financial Services Co. MA grew its holdings 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 valued at $719,863,000 after buying an additional 1,275,959 shares in the last quarter. FMR LLC grew its stake in shares of Dun & Bradstreet by 9.7% in the fourth quarter. FMR LLC now owns 12,575,015 shares of the business services provider’s stock valued at $156,685,000 after acquiring an additional 1,109,940 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Dun & Bradstreet by 144.9% during the third quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock worth $13,728,000 after purchasing an additional 705,707 shares during the period. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the business’s stock in a transaction 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 owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. The trade was a 23.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.44% of the stock is currently owned by corporate insiders.

Dun & Bradstreet Stock Performance

Shares of DNB stock opened at $8.61 on Thursday. The stock has a market capitalization of $3.84 billion, a PE ratio of -143.48, a PEG ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The business’s 50 day simple moving average is $9.39 and its 200 day simple moving average is $11.01.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data 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). The business had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. As a group, research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The business 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 of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.32%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

Analyst Ratings Changes

A number of research analysts recently commented on DNB shares. The Goldman Sachs Group decreased 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. Jefferies Financial Group reiterated a “hold” rating and issued a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Needham & Company LLC reaffirmed a “hold” rating and set a $14.00 target price on shares of Dun & Bradstreet in a research note on Monday, March 24th. Finally, StockNews.com initiated coverage on Dun & Bradstreet in a report on Thursday, April 3rd. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.86.

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.