Sunriver Management LLC Cuts Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Sunriver Management LLC lowered its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,256,682 shares of the business services provider's stock after selling 322,985 shares during the quarter. Dun & Bradstreet comprises approximately 7.8% of Sunriver Management LLC's portfolio, making the stock its 3rd biggest position. Sunriver Management LLC owned 1.19% of Dun & Bradstreet worth $65,498,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in shares of Dun & Bradstreet in the 3rd quarter worth approximately $176,000. Stifel Financial Corp grew its stake in shares of Dun & Bradstreet by 21.1% in the third quarter. Stifel Financial Corp now owns 67,502 shares of the business services provider's stock worth $777,000 after acquiring an additional 11,753 shares during the last quarter. State Street Corp increased its holdings in shares of Dun & Bradstreet by 9.8% during the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider's stock valued at $60,167,000 after acquiring an additional 468,027 shares in the last quarter. MML Investors Services LLC raised its position in shares of Dun & Bradstreet by 62.2% in 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 during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Dun & Bradstreet during the 3rd quarter valued at about $120,000. Institutional investors own 86.68% of the company's stock.

Insider Transactions at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm's 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 completion of the transaction, the chairman now directly owns 8,109,644 shares of the company's stock, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.44% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DNB. Royal Bank of Canada restated a "sector perform" rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, January 29th. The Goldman Sachs Group cut their price target 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. StockNews.com began coverage on shares of Dun & Bradstreet in a research note on Saturday. They issued a "hold" rating on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Finally, Needham & Company LLC reissued a "hold" rating and set a $14.00 price objective on shares of Dun & Bradstreet in a research report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $11.86.

Dun & Bradstreet Price Performance

Shares of Dun & Bradstreet stock traded up $0.03 during trading hours on Friday, hitting $8.75. The company's stock had a trading volume of 13,861,043 shares, compared to its average volume of 5,035,798. 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 12-month low of $7.78 and a 12-month high of $12.95. The business has a 50 day moving average price of $8.96 and a two-hundred day moving average price of $10.88. The company has a market cap of $3.90 billion, a PE ratio of -145.73, a PEG ratio of 2.21 and a beta of 1.14.

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

Dun & Bradstreet Dividend Announcement

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 2.29%. Dun & Bradstreet's dividend payout ratio (DPR) is -333.33%.

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.