Daiwa Securities Group Inc. Raises Position in TransUnion (NYSE:TRU)

Posted by Defense World Staff on Jul 29th, 2023

Daiwa Securities Group Inc. grew its position in TransUnion (NYSE:TRU – Free Report) by 39.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,162 shares of the business services provider’s stock after buying an additional 4,305 shares during the period. Daiwa Securities Group Inc.’s holdings in TransUnion were worth $942,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of TransUnion in the fourth quarter worth approximately $119,620,000. Bessemer Group Inc. grew its stake in shares of TransUnion by 117,475.6% in the fourth quarter. Bessemer Group Inc. now owns 1,760,106 shares of the business services provider’s stock worth $99,886,000 after acquiring an additional 1,758,609 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of TransUnion by 12.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,668,211 shares of the business services provider’s stock worth $718,921,000 after acquiring an additional 1,404,564 shares during the period. Millennium Management LLC grew its stake in shares of TransUnion by 140.3% in the fourth quarter. Millennium Management LLC now owns 2,195,872 shares of the business services provider’s stock worth $124,616,000 after acquiring an additional 1,281,942 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of TransUnion by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 23,101,403 shares of the business services provider’s stock worth $1,311,005,000 after acquiring an additional 1,242,868 shares during the period. 96.12% of the stock is owned by hedge funds and other institutional investors.

TransUnion Price Performance

TRU stock opened at $79.25 on Friday. TransUnion has a one year low of $50.32 and a one year high of $84.37. The company’s fifty day moving average price is $76.17 and its 200-day moving average price is $69.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.57 and a current ratio of 1.51. The company has a market capitalization of $15.32 billion, a PE ratio of 66.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.

TransUnion (NYSE:TRU – Get Free Report) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $968.00 million for the quarter, compared to the consensus estimate of $957.64 million. TransUnion had a net margin of 6.19% and a return on equity of 13.59%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. On average, equities analysts anticipate that TransUnion will post 3.22 EPS for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 19th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Thursday, May 18th. TransUnion’s payout ratio is 35.00%.

Insider Activity at TransUnion

In related news, Director William Bosworth sold 523 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $72.28, for a total transaction of $37,802.44. Following the sale, the director now owns 7,865 shares of the company’s stock, valued at $568,482.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 951 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.31, for a total transaction of $76,374.81. Following the transaction, the insider now owns 61,421 shares in the company, valued at $4,932,720.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Bosworth sold 523 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $72.28, for a total transaction of $37,802.44. Following the transaction, the director now owns 7,865 shares in the company, valued at approximately $568,482.20. The disclosure for this sale can be found here. Insiders have sold a total of 36,327 shares of company stock valued at $2,697,335 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRU. Barclays lifted their price target on shares of TransUnion from $67.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday. StockNews.com started coverage on shares of TransUnion in a research report on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada boosted their target price on shares of TransUnion from $84.00 to $97.00 in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of TransUnion from $86.00 to $98.00 in a research report on Monday, July 10th. Finally, Wells Fargo & Company boosted their target price on shares of TransUnion from $88.00 to $94.00 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.53.

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.