William P. Foley II Sells 2,500,000 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Stock

Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Get Free Report) Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction dated 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dun & Bradstreet Price Performance

Shares of NYSE DNB traded up $0.03 during midday trading on Monday, hitting $8.95. 5,886,274 shares of the company's stock were exchanged, compared to its average volume of 3,919,260. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The business's fifty day moving average price is $9.94 and its two-hundred day moving average price is $11.18. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -149.06, a PEG ratio of 2.21 and a beta of 1.19. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.95.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 EPS 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 positive return on equity of 11.29% and a negative net margin of 1.20%. As a group, research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

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Dun & Bradstreet Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.24%. Dun & Bradstreet's payout ratio is -333.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DNB shares. Royal Bank of Canada reissued a "sector perform" rating and set a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. 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 research note on Friday, February 21st. Huber Research upgraded Dun & Bradstreet to a "strong sell" rating in a research note on Monday, March 24th. Needham & Company LLC reiterated a "hold" rating and set a $14.00 price target on shares of Dun & Bradstreet in a research report on Monday, March 24th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.86.

Hedge Funds Weigh In On Dun & Bradstreet

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Amundi raised its holdings in shares of 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 in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Dun & Bradstreet during the fourth quarter worth approximately $96,000. Paloma Partners Management Co bought a new stake in shares of Dun & Bradstreet in the 3rd quarter worth approximately $117,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Dun & Bradstreet in the 3rd quarter valued at $120,000. Finally, Empowered Funds LLC bought a new position in shares of Dun & Bradstreet during the 4th quarter valued at $127,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

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.