Comerica Bank Decreases Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Comerica Bank reduced its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,103 shares of the business services provider’s stock after selling 20,886 shares during the period. Comerica Bank’s holdings in Dun & Bradstreet were worth $1,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DNB. Amundi raised its holdings in Dun & Bradstreet by 27.9% in the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after acquiring an additional 1,126 shares during the last quarter. Empowered Funds LLC purchased a new position in Dun & Bradstreet in the 4th quarter worth approximately $127,000. New World Advisors LLC purchased a new position in Dun & Bradstreet in the 4th quarter worth approximately $143,000. KBC Group NV raised its holdings in 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 acquiring an additional 2,983 shares during the last quarter. Finally, Xponance Inc. raised its holdings in 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 acquiring an additional 1,881 shares during the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Trading Down 0.2%

Shares of DNB stock opened at $8.95 on Monday. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The firm has a fifty day moving average price of $8.73 and a 200-day moving average price of $10.63. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -149.14, a PEG ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Insider Activity

In related news, Chairman William P. Foley II sold 2,500,000 shares of Dun & Bradstreet stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the transaction, the chairman now owns 5,609,644 shares in the company, valued at approximately $50,262,410.24. The trade was a 30.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.44% of the company’s stock.

Analyst Upgrades and Downgrades

DNB has been the subject of a number of recent analyst reports. 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 target price on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. StockNews.com began coverage on shares of Dun & Bradstreet in a research report on Monday, May 5th. They issued a “hold” rating for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.