Credit Suisse AG Purchases 22,534 Shares of TransUnion (NYSE:TRU)

Posted by Defense World Staff on Aug 24th, 2023

Credit Suisse AG boosted its holdings in TransUnion (NYSE:TRU – Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,818 shares of the business services provider’s stock after acquiring an additional 22,534 shares during the quarter. Credit Suisse AG owned 0.16% of TransUnion worth $19,376,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of TransUnion during the fourth quarter valued at $119,620,000. Bessemer Group Inc. lifted its stake in TransUnion by 117,475.6% during the 4th quarter. Bessemer Group Inc. now owns 1,760,106 shares of the business services provider’s stock valued at $99,886,000 after acquiring an additional 1,758,609 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of TransUnion by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,668,211 shares of the business services provider’s stock valued at $718,921,000 after acquiring an additional 1,404,564 shares during the last quarter. 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. raised its holdings in shares of TransUnion by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 23,101,403 shares of the business services provider’s stock valued at $1,311,005,000 after purchasing an additional 1,242,868 shares during the last quarter. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

TransUnion Trading Up 2.5 %

TRU stock opened at $78.13 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.51 and a quick ratio of 1.51. TransUnion has a 1-year low of $50.32 and a 1-year high of $82.27. The business has a 50 day simple moving average of $77.99 and a two-hundred day simple moving average of $70.39. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 65.11, a PEG ratio of 1.07 and a beta of 1.37.

TransUnion (NYSE:TRU – Get Free Report) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $957.64 million. TransUnion had a net margin of 6.19% and a return on equity of 13.59%. TransUnion’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. Research analysts anticipate that TransUnion will post 3.23 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, August 22nd. TransUnion’s payout ratio is presently 35.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on TransUnion from $91.00 to $95.00 in a report on Wednesday, July 26th. Needham & Company LLC increased their target price on TransUnion from $84.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Truist Financial upped their price target on shares of TransUnion from $70.00 to $85.00 in a research report on Wednesday, July 19th. Royal Bank of Canada boosted their target price on shares of TransUnion from $84.00 to $97.00 in a research report on Wednesday, July 26th. Finally, Wells Fargo & Company increased their price target on shares of TransUnion from $88.00 to $94.00 in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, TransUnion currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.53.

Get Our Latest Research Report on TransUnion

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 949 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $77.03, for a total transaction of $73,101.47. Following the completion of the transaction, the insider now directly owns 60,472 shares in the company, valued at approximately $4,658,158.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransUnion news, Director William Bosworth sold 523 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $72.28, for a total transaction of $37,802.44. Following the sale, the director now directly owns 7,865 shares in the company, valued at $568,482.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven M. Chaouki sold 949 shares of TransUnion stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $77.03, for a total value of $73,101.47. Following the completion of the transaction, the insider now owns 60,472 shares of the company’s stock, valued at approximately $4,658,158.16. The disclosure for this sale can be found here. Insiders sold 36,533 shares of company stock worth $2,731,982 in the last quarter. 0.22% of the stock is owned by corporate insiders.

TransUnion Company Profile

(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.