abrdn plc Has $5.10 Million Holdings in TransUnion (NYSE:TRU)

abrdn plc cut its stake in shares of TransUnion (NYSE:TRU - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,975 shares of the business services provider's stock after selling 9,654 shares during the quarter. abrdn plc's holdings in TransUnion were worth $5,099,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Townsquare Capital LLC boosted its stake in TransUnion by 1.0% in the 3rd quarter. Townsquare Capital LLC now owns 10,211 shares of the business services provider's stock worth $1,069,000 after buying an additional 100 shares during the last quarter. Signaturefd LLC lifted its stake in shares of TransUnion by 15.0% in the 3rd quarter. Signaturefd LLC now owns 788 shares of the business services provider's stock valued at $83,000 after purchasing an additional 103 shares in the last quarter. Huntington National Bank lifted its stake in shares of TransUnion by 84.5% in the 3rd quarter. Huntington National Bank now owns 286 shares of the business services provider's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in TransUnion by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,597 shares of the business services provider's stock worth $1,261,000 after acquiring an additional 131 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in TransUnion by 14.4% during the 4th quarter. GAMMA Investing LLC now owns 1,094 shares of the business services provider's stock worth $101,000 after acquiring an additional 138 shares in the last quarter.

Insider Activity

In other TransUnion news, Director George M. Awad sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.00, for a total value of $1,200,000.00. Following the sale, the director now owns 27,026 shares of the company's stock, valued at $2,702,600. This trade represents a 30.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $95.95, for a total value of $95,950.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,590 shares of company stock valued at $1,854,218. Insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TRU shares. Robert W. Baird boosted their price target on TransUnion from $104.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Oppenheimer lowered their price target on TransUnion from $115.00 to $112.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. UBS Group upped their price objective on TransUnion from $102.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Royal Bank of Canada restated an "outperform" rating and set a $121.00 price objective on shares of TransUnion in a research note on Thursday, October 24th. Finally, Jefferies Financial Group reduced their price target on TransUnion from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Six research 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, TransUnion presently has a consensus rating of "Moderate Buy" and an average target price of $107.63.

TransUnion Stock Up 7.3 %

Shares of TRU traded up $6.85 during midday trading on Thursday, reaching $100.32. 3,645,023 shares of the stock were exchanged, compared to its average volume of 1,559,570. TransUnion has a 12-month low of $66.07 and a 12-month high of $113.17. The firm has a 50 day simple moving average of $95.09 and a 200-day simple moving average of $97.75. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The company has a market cap of $19.55 billion, a price-to-earnings ratio of 87.24, a P/E/G ratio of 1.16 and a beta of 1.63.

TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.14). TransUnion had a return on equity of 15.38% and a net margin of 5.47%. Research analysts forecast that TransUnion will post 3.44 EPS for the current year.

TransUnion announced that its Board of Directors has authorized a stock buyback program on Thursday, February 13th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

TransUnion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.115 per share. This is a positive change from TransUnion's previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.46%. TransUnion's dividend payout ratio is currently 36.52%.

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.