State of New Jersey Common Pension Fund D Boosts Stock Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

State of New Jersey Common Pension Fund D increased its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNBGet Rating) by 19.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,918 shares of the business services provider’s stock after purchasing an additional 26,315 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dun & Bradstreet were worth $2,019,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Dun & Bradstreet by 75.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,321,481 shares of the business services provider’s stock worth $165,052,000 after purchasing an additional 5,713,247 shares in the last quarter. BCK Capital Management LP acquired a new stake in shares of Dun & Bradstreet in the second quarter valued at approximately $1,892,000. LGT Capital Partners LTD. grew its position in shares of Dun & Bradstreet by 37.9% in the second quarter. LGT Capital Partners LTD. now owns 400,000 shares of the business services provider’s stock valued at $6,012,000 after purchasing an additional 110,000 shares during the last quarter. Staley Capital Advisers Inc. boosted its position in Dun & Bradstreet by 7.7% during the second quarter. Staley Capital Advisers Inc. now owns 700,000 shares of the business services provider’s stock worth $10,521,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in Dun & Bradstreet by 9.1% during the second quarter. Bank of Nova Scotia now owns 41,786 shares of the business services provider’s stock worth $628,000 after acquiring an additional 3,489 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dun & Bradstreet

In other news, Director Thomas H. Lee Advisors, Llc sold 8,287,846 shares of Dun & Bradstreet stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $13.40, for a total value of $111,057,136.40. Following the transaction, the director now directly owns 49,579,771 shares of the company’s stock, valued at $664,368,931.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Richard N. Massey sold 181,630 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $13.00, for a total transaction of $2,361,190.00. Following the transaction, the director now directly owns 602,592 shares of the company’s stock, valued at $7,833,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas H. Lee Advisors, Llc sold 8,287,846 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $13.40, for a total transaction of $111,057,136.40. Following the transaction, the director now directly owns 49,579,771 shares in the company, valued at $664,368,931.40. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

DNB has been the topic of a number of recent analyst reports. Raymond James cut their price target on shares of Dun & Bradstreet from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. The Goldman Sachs Group dropped their price target on shares of Dun & Bradstreet from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Barclays decreased their price objective on shares of Dun & Bradstreet from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, November 4th. Bank of America raised shares of Dun & Bradstreet from a “neutral” rating to a “buy” rating and set a $15.50 price target for the company in a report on Tuesday. Finally, StockNews.com started coverage on shares of Dun & Bradstreet in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

Dun & Bradstreet Stock Up 1.3 %

NYSE DNB opened at $13.76 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $13.74. Dun & Bradstreet Holdings, Inc. has a 12 month low of $11.23 and a 12 month high of $20.86. The company has a market capitalization of $6.00 billion, a P/E ratio of -172.00, a PEG ratio of 1.74 and a beta of 0.81.

Dun & Bradstreet (NYSE:DNBGet Rating) last released its earnings results on Thursday, November 3rd. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Dun & Bradstreet had a positive return on equity of 11.80% and a negative net margin of 1.65%. The business had revenue of $556.30 million during the quarter, compared to the consensus estimate of $559.43 million. Equities research analysts expect that Dun & Bradstreet Holdings, Inc. will post 1.02 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, December 15th. Stockholders of record on Thursday, December 1st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Wednesday, November 30th. Dun & Bradstreet’s dividend payout ratio (DPR) is currently -250.00%.

About Dun & Bradstreet

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Dun & Bradstreet Holdings, Inc provides business decisioning data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision making; D&B Small Business, a suite of powerful tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and InfoTorg, an online SaaS application.

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Institutional Ownership by Quarter for Dun & Bradstreet (NYSE:DNB)

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