TransUnion (NYSE:TRU) Shares Acquired by Wealthfront Advisers LLC

Posted by Defense World Staff on Jul 25th, 2023

Wealthfront Advisers LLC boosted its stake in TransUnion (NYSE:TRU – Free Report) by 19.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,833 shares of the business services provider’s stock after buying an additional 1,098 shares during the quarter. Wealthfront Advisers LLC’s holdings in TransUnion were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of TransUnion by 59.9% during the first quarter. SG Americas Securities LLC now owns 5,970 shares of the business services provider’s stock worth $371,000 after buying an additional 2,237 shares in the last quarter. Ninety One UK Ltd grew its holdings in TransUnion by 17.0% in the 1st quarter. Ninety One UK Ltd now owns 1,836,636 shares of the business services provider’s stock valued at $114,129,000 after buying an additional 267,390 shares in the last quarter. Simplicity Solutions LLC raised its holdings in shares of TransUnion by 6.2% during the 1st quarter. Simplicity Solutions LLC now owns 12,824 shares of the business services provider’s stock worth $797,000 after acquiring an additional 744 shares during the period. Arizona State Retirement System boosted its position in shares of TransUnion by 2.8% during the 1st quarter. Arizona State Retirement System now owns 56,023 shares of the business services provider’s stock valued at $3,481,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Oak Thistle LLC grew its holdings in shares of TransUnion by 41.1% in the first quarter. Oak Thistle LLC now owns 6,154 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 1,794 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

TransUnion Price Performance

Shares of NYSE TRU opened at $78.98 on Tuesday. The stock’s 50-day simple moving average is $75.33 and its 200-day simple moving average is $68.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $15.26 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37. TransUnion has a fifty-two week low of $50.32 and a fifty-two week high of $88.83.

TransUnion (NYSE:TRU – Get Free Report) last announced its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm had revenue of $940.30 million for the quarter, compared to analyst estimates of $913.69 million. TransUnion had a net margin of 7.34% and a return on equity of 14.47%. As a group, equities research analysts forecast that TransUnion will post 3.22 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 19th were given a $0.105 dividend. The ex-dividend date was Thursday, May 18th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.53%. TransUnion’s dividend payout ratio (DPR) is presently 29.79%.

Insider Buying and Selling

In other TransUnion news, EVP Abhi Dhar sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $80.00, for a total value of $280,000.00. Following the completion of the sale, the executive vice president now owns 69,702 shares in the company, valued at $5,576,160. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Steven M. Chaouki sold 951 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $73.66, for a total value of $70,050.66. Following the transaction, the insider now owns 62,372 shares in the company, valued at approximately $4,594,321.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Abhi Dhar sold 3,500 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $80.00, for a total value of $280,000.00. Following the sale, the executive vice president now directly owns 69,702 shares of the company’s stock, valued at $5,576,160. The disclosure for this sale can be found here. Insiders have sold 35,376 shares of company stock worth $2,620,960 in the last quarter. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TRU shares. Jefferies Financial Group increased their price objective on TransUnion from $86.00 to $98.00 in a research report on Monday, July 10th. Truist Financial increased their target price on shares of TransUnion from $70.00 to $85.00 in a research note on Wednesday, July 19th. Barclays lowered their price objective on shares of TransUnion from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, March 31st. Needham & Company LLC raised TransUnion from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Wednesday, April 26th. Finally, StockNews.com began coverage on TransUnion in a research report on Thursday, May 18th. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.86.

About TransUnion

(Free Report)

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. 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.