First Trust Advisors LP Decreases Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

First Trust Advisors LP cut its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,995,456 shares of the business services provider's stock after selling 85,678 shares during the period. First Trust Advisors LP owned about 0.45% of Dun & Bradstreet worth $24,863,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Amundi boosted its position in Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock worth $64,000 after buying an additional 1,126 shares during the period. Empowered Funds LLC acquired a new stake in Dun & Bradstreet during the 4th quarter worth approximately $127,000. New World Advisors LLC acquired a new position in shares of Dun & Bradstreet in the 4th quarter worth approximately $143,000. KBC Group NV lifted its position in shares of Dun & Bradstreet by 30.2% in the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider's stock worth $160,000 after purchasing an additional 2,983 shares during the period. Finally, Xponance Inc. lifted its position in shares of Dun & Bradstreet by 16.5% in the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider's stock worth $165,000 after purchasing an additional 1,881 shares during the period. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com began coverage on shares of Dun & Bradstreet in a research report on Sunday. They issued a "hold" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. The Goldman Sachs Group lowered their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Needham & Company LLC reiterated a "hold" rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday, March 24th. Finally, Jefferies Financial Group reiterated 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. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Dun & Bradstreet presently has an average rating of "Hold" and a consensus price target of $11.86.

Dun & Bradstreet Stock Down 2.2 %

DNB traded down $0.21 during trading on Tuesday, hitting $8.95. 75,717,182 shares of the company's stock were exchanged, compared to its average volume of 5,643,949. 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 business's 50 day moving average is $8.77 and its two-hundred day moving average is $10.78. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.95. The stock has a market cap of $3.99 billion, a P/E ratio of -149.06, a PEG ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The business had revenue of $631.90 million for the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. As a group, equities analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 dividend yield of 2.24%. Dun & Bradstreet's dividend payout ratio is currently -333.33%.

Insider Activity

In other news, Chairman William P. Foley II sold 2,500,000 shares of the 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 represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.44% of the stock is currently owned by corporate insiders.

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.