Covestor Ltd Sells 4,725 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Covestor Ltd decreased its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 31.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,221 shares of the business services provider’s stock after selling 4,725 shares during the quarter. Covestor Ltd’s holdings in Dun & Bradstreet were worth $127,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Dun & Bradstreet in the fourth quarter worth about $26,817,000. Advisory Services Network LLC raised its position in shares of Dun & Bradstreet by 5.1% in the 4th quarter. Advisory Services Network LLC now owns 43,415 shares of the business services provider’s stock worth $541,000 after acquiring an additional 2,125 shares in the last quarter. Bank of Nova Scotia acquired a new stake in shares of Dun & Bradstreet during the 4th quarter worth approximately $359,000. Invesco Ltd. raised its holdings in shares of Dun & Bradstreet by 6.1% during the fourth quarter. Invesco Ltd. now owns 632,928 shares of the business services provider’s stock valued at $7,886,000 after purchasing an additional 36,561 shares during the period. Finally, Cerity Partners LLC grew its stake in Dun & Bradstreet by 10.1% in the fourth quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider’s stock valued at $259,000 after acquiring an additional 1,909 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total value of $22,475,000.00. Following the completion of the sale, the chairman now owns 8,109,644 shares in the company, valued at $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.44% of the stock is currently owned by corporate insiders.

Dun & Bradstreet Price Performance

Shares of DNB stock opened at $8.62 on Friday. Dun & Bradstreet Holdings, Inc. has a 1-year low of $7.78 and a 1-year high of $12.95. The stock’s 50-day moving average is $9.24 and its 200 day moving average is $10.97. 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 company has a market cap of $3.85 billion, a P/E ratio of -143.63, a PEG ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share 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 during the quarter, compared to analysts’ expectations of $658.04 million. Research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio is presently -333.33%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com initiated coverage on Dun & Bradstreet in a research report on Friday. They issued a “hold” rating for the company. Needham & Company LLC reiterated a “hold” rating and set a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday, March 24th. Jefferies Financial Group reiterated a “hold” rating and set a $9.15 price target (down previously 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 on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.86.

Dun & Bradstreet 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.