Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,264,995 shares of the business services provider's stock after purchasing an additional 138,432 shares during the period. California Public Employees Retirement System owned approximately 0.29% of Dun & Bradstreet worth $15,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Amundi raised its stake in Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock valued at $64,000 after buying an additional 1,126 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Dun & Bradstreet in the third quarter worth $117,000. Y Intercept Hong Kong Ltd purchased a new stake in Dun & Bradstreet during the third quarter valued at $120,000. Empowered Funds LLC bought a new position in Dun & Bradstreet in the fourth quarter valued at about $127,000. Finally, New World Advisors LLC purchased a new position in Dun & Bradstreet in the fourth quarter worth about $143,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $22,475,000.00. Following the transaction, the chairman now directly owns 8,109,644 shares of the company's stock, valued at $72,905,699.56. This trade represents a 23.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.44% of the stock is owned by company insiders.

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Dun & Bradstreet Stock Performance

Shares of DNB traded up $0.22 during mid-day trading on Wednesday, reaching $8.61. The company had a trading volume of 59,983,092 shares, compared to its average volume of 4,774,088. The stock has a market capitalization of $3.84 billion, a P/E ratio of -143.48, a PEG ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.95. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average of $9.39 and a two-hundred day moving average of $11.01.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $631.90 million during the quarter, compared to analysts' expectations of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. On average, analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet's dividend payout ratio (DPR) is -333.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DNB shares. StockNews.com initiated coverage on shares of Dun & Bradstreet in a report on Thursday, April 3rd. They issued a "hold" rating on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Needham & Company LLC reissued a "hold" rating and set a $14.00 price target on shares of Dun & Bradstreet in a report on Monday, March 24th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group cut their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.