Bridgewater Associates LP Invests $2.78 Million in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Bridgewater Associates LP purchased a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 223,337 shares of the business services provider's stock, valued at approximately $2,783,000. Bridgewater Associates LP owned about 0.05% of Dun & Bradstreet at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC acquired a new stake in Dun & Bradstreet in the third quarter valued at $176,000. Stifel Financial Corp increased its position in Dun & Bradstreet by 21.1% during the 3rd quarter. Stifel Financial Corp now owns 67,502 shares of the business services provider's stock worth $777,000 after purchasing an additional 11,753 shares in the last quarter. State Street Corp increased its position in Dun & Bradstreet by 9.8% during the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider's stock worth $60,167,000 after purchasing an additional 468,027 shares in the last quarter. MML Investors Services LLC increased its position in Dun & Bradstreet by 62.2% during the 3rd quarter. MML Investors Services LLC now owns 27,795 shares of the business services provider's stock worth $320,000 after purchasing an additional 10,658 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Dun & Bradstreet during the 3rd quarter worth about $120,000. Institutional investors and hedge funds own 86.68% of the company's stock.

Dun & Bradstreet Stock Up 4.1 %

Shares of DNB stock traded up $0.36 on Wednesday, hitting $9.15. The stock had a trading volume of 27,640,308 shares, compared to its average volume of 10,107,165. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -152.47, a P/E/G ratio of 2.21 and a beta of 1.14. The stock's 50 day moving average is $8.88 and its 200-day moving average is $10.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.94.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company 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 expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.19%. Dun & Bradstreet's dividend payout ratio is presently -333.33%.

Insider Activity at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the 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 sale, the chairman now directly owns 8,109,644 shares of the company's stock, valued at approximately $72,905,699.56. This 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 the SEC website. 10.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DNB shares. The Goldman Sachs Group decreased their target price on shares of 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 restated a "hold" rating and issued a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Royal Bank of Canada restated a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. StockNews.com assumed coverage on shares of Dun & Bradstreet in a report on Saturday. They issued a "hold" rating for the company. Finally, 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. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.86.

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.