abrdn plc Grows Stock Position in TransUnion (NYSE:TRU)

abrdn plc raised its stake in shares of TransUnion (NYSE:TRU) by 100.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 68,390 shares of the business services provider’s stock after acquiring an additional 34,188 shares during the period. abrdn plc’s holdings in TransUnion were worth $4,699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TRU. Morgan Stanley raised its stake in shares of TransUnion by 23.7% during the 3rd quarter. Morgan Stanley now owns 4,923,690 shares of the business services provider’s stock valued at $353,472,000 after buying an additional 942,924 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of TransUnion by 531.4% during the 4th quarter. Mackenzie Financial Corp now owns 353,109 shares of the business services provider’s stock valued at $24,262,000 after buying an additional 297,180 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of TransUnion in the 4th quarter valued at about $17,721,000. Walleye Capital LLC purchased a new position in shares of TransUnion in the 3rd quarter valued at about $12,875,000. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of TransUnion by 86.6% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 328,000 shares of the business services provider’s stock valued at $22,537,000 after purchasing an additional 152,218 shares in the last quarter.

Insider Transactions at TransUnion

In other news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the transaction, the executive vice president now directly owns 22,033 shares in the company, valued at approximately $1,720,777.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Steven M. Chaouki sold 1,775 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Dane Mauldin sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the completion of the transaction, the executive vice president now owns 22,033 shares in the company, valued at $1,720,777.30. The disclosure for this sale can be found here. Insiders have sold a total of 15,275 shares of company stock worth $1,204,538 in the last ninety days. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TRU shares. Morgan Stanley lifted their price target on TransUnion from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on TransUnion from $69.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. StockNews.com upgraded TransUnion from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price target on shares of TransUnion in a research note on Wednesday, February 14th. Finally, Truist Financial lifted their price target on TransUnion from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.60.

TransUnion Stock Up 0.3 %

Shares of TransUnion stock opened at $74.49 on Friday. The stock’s 50 day simple moving average is $76.32 and its 200-day simple moving average is $67.91. TransUnion has a 1-year low of $42.09 and a 1-year high of $82.75. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47.

TransUnion (NYSE:TRU) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. TransUnion had a positive return on equity of 14.22% and a negative net margin of 7.02%. On average, equities analysts anticipate that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion’s dividend payout ratio is currently -29.37%.

TransUnion Company Profile

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses 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.