Weitz Investment Management Inc. grew its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 425.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,576,000 shares of the business services provider’s stock after acquiring an additional 1,276,000 shares during the quarter. Dun & Bradstreet comprises about 1.4% of Weitz Investment Management Inc.’s portfolio, making the stock its 23rd biggest holding. Weitz Investment Management Inc. owned approximately 0.37% of Dun & Bradstreet worth $33,679,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Aigen Investment Management LP lifted its position in shares of Dun & Bradstreet by 9.2% during the 2nd quarter. Aigen Investment Management LP now owns 87,270 shares of the business services provider’s stock worth $1,865,000 after buying an additional 7,376 shares during the last quarter. Citigroup Inc. lifted its position in shares of Dun & Bradstreet by 29.3% during the 2nd quarter. Citigroup Inc. now owns 45,278 shares of the business services provider’s stock worth $968,000 after buying an additional 10,272 shares during the last quarter. Knowledge Leaders Capital LLC bought a new position in Dun & Bradstreet in the second quarter valued at about $594,000. Staley Capital Advisers Inc. increased its stake in shares of Dun & Bradstreet by 44.3% in the second quarter. Staley Capital Advisers Inc. now owns 550,000 shares of the business services provider’s stock valued at $11,753,000 after buying an additional 168,891 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Dun & Bradstreet in the second quarter valued at about $1,487,000. Institutional investors and hedge funds own 51.84% of the company’s stock.
In other news, CFO Bryan T. Hipsher purchased 3,000 shares of the business’s stock in a transaction on Tuesday, August 10th. The shares were acquired at an average cost of $18.63 per share, with a total value of $55,890.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony M. Jabbour acquired 109,806 shares of the company’s stock in a transaction dated Monday, August 9th. The shares were bought at an average cost of $18.21 per share, for a total transaction of $1,999,567.26. Following the completion of the acquisition, the chief executive officer now directly owns 363,472 shares of the company’s stock, valued at $6,618,825.12. The disclosure for this purchase can be found here. 9.30% of the stock is owned by company insiders.
Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Monday, August 2nd. The business services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $520.90 million during the quarter, compared to analyst estimates of $513.61 million. Dun & Bradstreet had a positive return on equity of 11.68% and a negative net margin of 4.45%. Dun & Bradstreet’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. On average, analysts predict that Dun & Bradstreet Holdings, Inc. will post 1 earnings per share for the current year.
DNB has been the subject of a number of research reports. Barclays reduced their price objective on Dun & Bradstreet from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, August 6th. Zacks Investment Research downgraded Dun & Bradstreet from a “hold” rating to a “sell” rating in a research report on Friday, September 10th. Finally, Raymond James raised Dun & Bradstreet from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Thursday, June 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $28.20.
About Dun & Bradstreet
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.
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