Federated Hermes Inc. Purchases New Stake in TransUnion (NYSE:TRU)

Federated Hermes Inc. purchased a new stake in shares of TransUnion (NYSE:TRU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,949 shares of the business services provider’s stock, valued at approximately $134,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of TransUnion in the third quarter valued at approximately $27,000. CENTRAL TRUST Co grew its holdings in TransUnion by 569.3% in the 3rd quarter. CENTRAL TRUST Co now owns 937 shares of the business services provider’s stock valued at $67,000 after buying an additional 797 shares in the last quarter. NBC Securities Inc. acquired a new position in TransUnion in the 3rd quarter valued at $120,000. Concord Wealth Partners increased its position in TransUnion by 9,256.5% during the 3rd quarter. Concord Wealth Partners now owns 2,152 shares of the business services provider’s stock worth $154,000 after buying an additional 2,129 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of TransUnion during the third quarter worth $202,000.

TransUnion Stock Up 3.5 %

Shares of NYSE TRU opened at $79.74 on Tuesday. The company has a market cap of $15.49 billion, a price-to-earnings ratio of -55.76, a PEG ratio of 1.14 and a beta of 1.61. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.26. TransUnion has a 12 month low of $42.09 and a 12 month high of $82.75. The stock has a 50-day moving average price of $76.33 and a two-hundred day moving average price of $68.23.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. As a group, analysts forecast that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, May 16th. TransUnion’s payout ratio is -29.37%.

Insider Activity at TransUnion

In other TransUnion news, EVP Timothy J. Martin sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the transaction, the executive vice president now owns 54,522 shares of the company’s stock, valued at approximately $4,284,883.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Richard Dane Mauldin sold 1,500 shares of the company’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 value of $117,150.00. Following the sale, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy J. Martin sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total transaction of $943,080.00. Following the sale, the executive vice president now directly owns 54,522 shares of the company’s stock, valued at approximately $4,284,883.98. The disclosure for this sale can be found here. Insiders have sold a total of 15,275 shares of company stock valued at $1,204,538 in the last 90 days. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRU. Wells Fargo & Company raised their price target on shares of TransUnion from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Barclays lifted their price target on shares of TransUnion from $55.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Evercore ISI raised their price objective on TransUnion from $70.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of TransUnion in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus raised their price target on TransUnion from $83.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, TransUnion presently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

About TransUnion

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.