TransUnion (NYSE:TRU) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in TransUnion (NYSE:TRU - Free Report) by 126.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,792 shares of the business services provider's stock after buying an additional 76,268 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of TransUnion worth $12,682,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of TransUnion during the fourth quarter valued at approximately $40,000. Mirabaud Asset Management Ltd raised its position in TransUnion by 16.3% during the fourth quarter. Mirabaud Asset Management Ltd now owns 76,844 shares of the business services provider's stock valued at $7,127,000 after buying an additional 10,772 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of TransUnion by 42.9% in the 4th quarter. Russell Investments Group Ltd. now owns 304,529 shares of the business services provider's stock valued at $28,233,000 after purchasing an additional 91,492 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of TransUnion by 23.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 470,370 shares of the business services provider's stock valued at $43,608,000 after buying an additional 90,443 shares during the period. Finally, Aviva PLC grew its stake in TransUnion by 1,491.7% in the fourth quarter. Aviva PLC now owns 117,104 shares of the business services provider's stock valued at $10,857,000 after purchasing an additional 109,747 shares in the last quarter.

Remove Ads

TransUnion Price Performance

TRU traded up $0.21 on Tuesday, reaching $74.99. The company had a trading volume of 649,097 shares, compared to its average volume of 1,690,029. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.70 and a current ratio of 1.70. The business has a 50 day simple moving average of $86.28 and a 200 day simple moving average of $94.75. TransUnion has a 52-week low of $66.07 and a 52-week high of $113.17. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 51.38, a P/E/G ratio of 1.18 and a beta of 1.67.

TransUnion (NYSE:TRU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). TransUnion had a return on equity of 15.85% and a net margin of 6.80%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, sell-side analysts anticipate that TransUnion will post 3.99 EPS for the current year.

TransUnion announced that its board has initiated a stock buyback plan on Thursday, February 13th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

TransUnion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, February 27th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.61%. This is a boost from TransUnion's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 27th. TransUnion's dividend payout ratio (DPR) is presently 31.51%.

Insider Transactions at TransUnion

In related news, EVP Venkat Achanta sold 1,821 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the sale, the executive vice president now owns 105,443 shares in the company, valued at $10,095,112.82. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $95.95, for a total transaction of $95,950.00. Following the sale, the insider now directly owns 58,488 shares in the company, valued at $5,611,923.60. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,021 shares of company stock valued at $372,751 in the last ninety days. Corporate insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on TRU shares. Morgan Stanley decreased their price objective on shares of TransUnion from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group decreased their price target on TransUnion from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. William Blair reiterated an "outperform" rating on shares of TransUnion in a research note on Monday, March 24th. UBS Group increased their price target on shares of TransUnion from $102.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Needham & Company LLC restated a "hold" rating on shares of TransUnion in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $111.23.

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.