Prudential PLC Buys 4,288 Shares of TransUnion (NYSE:TRU)

Posted by Defense World Staff on May 19th, 2023

Prudential PLC grew its stake in shares of TransUnion (NYSE:TRU – Get Rating) by 109.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,223 shares of the business services provider’s stock after buying an additional 4,288 shares during the period. Prudential PLC’s holdings in TransUnion were worth $467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in shares of TransUnion during the first quarter valued at about $49,000. KB Financial Partners LLC increased its position in shares of TransUnion by 86.5% in the first quarter. KB Financial Partners LLC now owns 485 shares of the business services provider’s stock worth $50,000 after purchasing an additional 225 shares during the last quarter. CI Investments Inc. increased its position in shares of TransUnion by 42.7% in the third quarter. CI Investments Inc. now owns 742 shares of the business services provider’s stock worth $44,000 after purchasing an additional 222 shares during the last quarter. Covestor Ltd increased its position in shares of TransUnion by 95.2% in the first quarter. Covestor Ltd now owns 853 shares of the business services provider’s stock worth $88,000 after purchasing an additional 416 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of TransUnion by 3,038.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,130 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,094 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRU shares. BNP Paribas upgraded shares of TransUnion from a “neutral” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Wednesday, March 1st. Barclays cut their target price on TransUnion from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, March 31st. Needham & Company LLC raised TransUnion from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Wednesday, April 26th. Morgan Stanley cut their target price on TransUnion from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, March 22nd. Finally, Truist Financial cut their target price on TransUnion from $74.00 to $66.00 in a research note on Thursday, March 16th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.50.

TransUnion Stock Performance

Shares of TRU stock opened at $70.83 on Friday. The stock has a fifty day moving average of $63.20 and a 200 day moving average of $63.25. TransUnion has a 52 week low of $50.32 and a 52 week high of $90.08. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 0.65 and a beta of 1.37. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.26.

TransUnion (NYSE:TRU – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. TransUnion had a return on equity of 14.47% and a net margin of 7.34%. The company had revenue of $940.30 million during the quarter, compared to analyst estimates of $913.69 million. As a group, research analysts expect that TransUnion will post 3.19 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, May 18th. This represents a $0.42 annualized dividend and a dividend yield of 0.59%. TransUnion’s payout ratio is presently 29.79%.

Insider Activity

In other news, EVP Richard Dane Mauldin sold 7,250 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $60.63, for a total transaction of $439,567.50. Following the completion of the transaction, the executive vice president now directly owns 24,805 shares in the company, valued at $1,503,927.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Richard Dane Mauldin sold 7,250 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $60.63, for a total transaction of $439,567.50. Following the sale, the executive vice president now directly owns 24,805 shares of the company’s stock, valued at $1,503,927.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Heather J. Russell sold 7,996 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $57.41, for a total value of $459,050.36. Following the completion of the transaction, the executive vice president now directly owns 31,535 shares in the company, valued at $1,810,424.35. The disclosure for this sale can be found here. Insiders sold 41,235 shares of company stock worth $2,457,958 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

TransUnion Profile

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TransUnion engages in the provision of information and risk management solutions. It also provides consumer reports, risk scores, analytical services, and decision-making capabilities to businesses. It operates through the following segments: U.S. Markets, International, Consumer Interactive, and Corporate.