Seelaus Asset Management LLC acquired a new stake in shares of TransUnion (NYSE:TRU) during the first quarter, Holdings Channel reports. The institutional investor acquired 10,000 shares of the business services provider’s stock, valued at approximately $668,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Karp Capital Management Corp purchased a new stake in shares of TransUnion during the fourth quarter valued at $37,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of TransUnion during the 1st quarter worth approximately $80,000. Ropes Wealth Advisors LLC purchased a new position in shares of TransUnion during the 4th quarter worth approximately $83,000. Massey Quick Simon & CO. LLC boosted its position in shares of TransUnion by 21.6% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,550 shares of the business services provider’s stock worth $88,000 after purchasing an additional 275 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in TransUnion by 39.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,860 shares of the business services provider’s stock worth $105,000 after buying an additional 524 shares in the last quarter.
In other news, CAO Timothy Elberfeld sold 1,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,000.00. Following the sale, the chief accounting officer now directly owns 13,062 shares in the company, valued at approximately $914,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James M. Peck sold 131,661 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.65, for a total transaction of $8,511,883.65. Following the completion of the sale, the chief executive officer now owns 203,582 shares in the company, valued at $13,161,576.30. The disclosure for this sale can be found here. Insiders sold a total of 378,511 shares of company stock worth $25,042,932 over the last 90 days. Company insiders own 0.92% of the company’s stock.
TRU has been the topic of a number of research reports. Deutsche Bank increased their target price on shares of TransUnion from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Zacks Investment Research upgraded shares of TransUnion from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, May 9th. Barclays reiterated a “buy” rating and set a $80.00 target price on shares of TransUnion in a report on Sunday, May 5th. ValuEngine upgraded shares of TransUnion from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, BNP Paribas initiated coverage on shares of TransUnion in a report on Friday, March 15th. They set a “neutral” rating and a $66.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. TransUnion has an average rating of “Buy” and a consensus target price of $75.53.
Shares of TRU traded down $0.27 during midday trading on Wednesday, reaching $63.91. The stock had a trading volume of 1,714 shares, compared to its average volume of 1,686,580. TransUnion has a 1-year low of $52.15 and a 1-year high of $79.48. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 3.85 and a beta of 0.94. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.90.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.07. TransUnion had a net margin of 11.43% and a return on equity of 22.63%. The business had revenue of $623.50 million for the quarter, compared to analyst estimates of $618.38 million. During the same period last year, the business earned $0.57 EPS. The company’s revenue was up 16.0% on a year-over-year basis. On average, analysts predict that TransUnion will post 2.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be issued a $0.075 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.47%. TransUnion’s payout ratio is 12.99%.
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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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