Neuberger Berman Group LLC Reduces Stake in TransUnion (NYSE:TRU)

Neuberger Berman Group LLC reduced its position in TransUnion (NYSE:TRUGet Rating) by 28.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,612,256 shares of the business services provider’s stock after selling 653,143 shares during the period. Neuberger Berman Group LLC owned about 0.84% of TransUnion worth $166,581,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in TransUnion by 1,212.0% during the first quarter. The Manufacturers Life Insurance Company now owns 45,027 shares of the business services provider’s stock worth $4,672,000 after buying an additional 41,595 shares in the last quarter. Magnolia Wealth Management LLC purchased a new position in TransUnion during the first quarter worth $1,106,000. Wealthfront Advisers LLC purchased a new position in TransUnion during the first quarter worth $337,000. Continuum Advisory LLC increased its position in TransUnion by 88.7% during the first quarter. Continuum Advisory LLC now owns 8,584 shares of the business services provider’s stock worth $751,000 after buying an additional 4,035 shares in the last quarter. Finally, KB Financial Partners LLC increased its position in TransUnion by 86.5% during the first quarter. KB Financial Partners LLC now owns 485 shares of the business services provider’s stock worth $50,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Christopher A. Cartwright acquired 25,000 shares of TransUnion stock in a transaction on Thursday, August 4th. The shares were bought at an average price of $79.42 per share, for a total transaction of $1,985,500.00. Following the completion of the purchase, the chief executive officer now directly owns 226,410 shares in the company, valued at approximately $17,981,482.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TRU shares. The Goldman Sachs Group dropped their price target on TransUnion from $98.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Morgan Stanley decreased their price objective on TransUnion from $91.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 27th. Truist Financial decreased their price objective on TransUnion to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Wells Fargo & Company decreased their price objective on TransUnion to $86.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Finally, StockNews.com upgraded TransUnion from a “sell” rating to a “hold” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.25.

TransUnion Price Performance

Shares of TransUnion stock opened at $68.47 on Friday. TransUnion has a twelve month low of $68.26 and a twelve month high of $120.91. The stock has a market capitalization of $13.18 billion, a P/E ratio of 10.37, a PEG ratio of 0.73 and a beta of 1.30. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average price is $79.44 and its 200 day moving average price is $85.83.

TransUnion (NYSE:TRUGet Rating) last issued its earnings results on Tuesday, July 26th. The business services provider reported $0.89 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.89. The firm had revenue of $948.30 million for the quarter, compared to analysts’ expectations of $964.38 million. TransUnion had a return on equity of 17.20% and a net margin of 36.96%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share. As a group, research analysts anticipate that TransUnion will post 3.42 earnings per share for the current year.

TransUnion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Wednesday, August 24th. This is a boost from TransUnion’s previous quarterly dividend of $0.10. TransUnion’s payout ratio is currently 6.36%.

TransUnion Company Profile

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TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.

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Institutional Ownership by Quarter for TransUnion (NYSE:TRU)

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