Ionic Capital Management LLC Sells 48,029 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Ionic Capital Management LLC lessened its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 434,592 shares of the business services provider’s stock after selling 48,029 shares during the period. Dun & Bradstreet accounts for about 0.6% of Ionic Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Ionic Capital Management LLC owned about 0.10% of Dun & Bradstreet worth $5,415,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Amundi grew its stake in shares of Dun & Bradstreet by 27.9% in the fourth quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,126 shares during the last quarter. Empowered Funds LLC acquired a new position in Dun & Bradstreet during the 4th quarter worth about $127,000. New World Advisors LLC bought a new stake in shares of Dun & Bradstreet in the 4th quarter valued at about $143,000. KBC Group NV increased its stake in shares of Dun & Bradstreet by 30.2% in the fourth quarter. KBC Group NV now owns 12,861 shares of the business services provider’s stock valued at $160,000 after buying an additional 2,983 shares during the period. Finally, Xponance Inc. raised its position in shares of Dun & Bradstreet by 16.5% during the fourth 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 institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DNB shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. StockNews.com started coverage on shares of Dun & Bradstreet in a research note on Monday, May 5th. They issued a “hold” rating on the stock. Jefferies Financial Group reissued a “hold” rating and set a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.86.

Dun & Bradstreet Price Performance

DNB stock opened at $8.95 on Friday. 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’s 50-day moving average is $8.73 and its 200-day moving average is $10.63. The stock has a market capitalization of $4.00 billion, a PE ratio of -149.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95.

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

Insider Buying and Selling at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total value of $22,400,000.00. Following the completion of the sale, the chairman now directly owns 5,609,644 shares of the company’s stock, valued at $50,262,410.24. This represents a 30.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.44% of the company’s stock.

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.