Fort L.P. grew its holdings in TransUnion (NYSE:TRU) by 34.3% during the 1st quarter, Holdings Channel reports. The firm owned 28,602 shares of the business services provider’s stock after purchasing an additional 7,308 shares during the period. Fort L.P.’s holdings in TransUnion were worth $1,912,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of TRU. Karp Capital Management Corp bought a new position in shares of TransUnion in the 4th quarter valued at about $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of TransUnion in the 1st quarter valued at approximately $80,000. Ropes Wealth Advisors LLC acquired a new stake in shares of TransUnion in the 4th quarter valued at approximately $83,000. Rockefeller Capital Management L.P. acquired a new stake in shares of TransUnion in the 1st quarter valued at approximately $122,000. Finally, Strs Ohio raised its position in shares of TransUnion by 23.9% in the 1st quarter. Strs Ohio now owns 2,343 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 452 shares during the period.
Shares of TRU stock opened at $70.92 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 4.29 and a beta of 0.96. TransUnion has a 52 week low of $52.15 and a 52 week high of $79.48.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.53 by $0.07. The firm had revenue of $623.50 million for the quarter, compared to the consensus estimate of $618.38 million. TransUnion had a net margin of 11.43% and a return on equity of 22.63%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. On average, analysts forecast that TransUnion will post 2.39 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.30 annualized dividend and a yield of 0.42%. TransUnion’s dividend payout ratio (DPR) is currently 12.99%.
In other TransUnion news, EVP John T. Danaher sold 4,318 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $65.54, for a total transaction of $283,001.72. Following the sale, the executive vice president now directly owns 69,491 shares in the company, valued at approximately $4,554,440.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy Elberfeld sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $70.00, for a total transaction of $70,000.00. Following the sale, the chief accounting officer now owns 13,062 shares in the company, valued at $914,340. The disclosure for this sale can be found here. Insiders have sold a total of 165,470 shares of company stock worth $11,265,378 over the last 90 days. Corporate insiders own 0.92% of the company’s stock.
A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. ValuEngine upgraded shares of TransUnion from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Deutsche Bank increased their price target on shares of TransUnion from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Exane BNP Paribas assumed coverage on shares of TransUnion in a research report on Friday, March 15th. They issued a “neutral” rating and a $66.00 price target on the stock. Finally, BNP Paribas assumed coverage on shares of TransUnion in a research report on Friday, March 15th. They issued a “neutral” rating and a $66.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. TransUnion currently has an average rating of “Buy” and an average target price of $75.27.
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TransUnion Company Profile
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.
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