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

Federated Hermes Inc. bought a new position in TransUnion (NYSE:TRU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,949 shares of the business services provider’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of TransUnion in the 3rd quarter worth approximately $27,000. CENTRAL TRUST Co increased its holdings in shares of TransUnion by 569.3% in the third 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. bought a new stake in shares of TransUnion during the 3rd quarter worth $120,000. Concord Wealth Partners boosted its stake in shares of 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 acquiring an additional 2,129 shares in the last quarter. 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 TransUnion stock opened at $79.74 on Tuesday. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of -55.76, a P/E/G ratio of 1.14 and a beta of 1.61. The stock has a 50-day simple moving average of $76.33 and a 200-day simple moving average of $68.23. TransUnion has a 52-week low of $42.09 and a 52-week high of $82.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.65 and a quick ratio of 1.65.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. The firm 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%. On average, equities research analysts expect that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

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

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,775 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the completion of the sale, the insider now owns 75,099 shares in the company, valued at approximately $6,105,548.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Chaouki sold 1,775 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the sale, the insider now directly owns 75,099 shares of the company’s stock, valued at $6,105,548.70. 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 over the last three months. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Bank of America raised TransUnion from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $65.00 to $90.00 in a research note on Monday, April 1st. Morgan Stanley lifted their target price on shares of TransUnion from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Oppenheimer upped their price target on shares of TransUnion from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Robert W. Baird lifted their price objective on shares of TransUnion from $87.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company increased their target price on TransUnion from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.60.

TransUnion 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.