Federated Hermes Inc. Reduces Holdings in TransUnion (NYSE:TRU)

Key Points

• Federated Hermes Inc. significantly decreased its holdings in TransUnion by 99.6%, reducing its ownership from 136,792 shares to only 578 shares, with a value of $48,000 at the end of the reporting period.
• Various institutional investors increased their positions in TransUnion, with Massachusetts Financial Services Co. raising its stake by 10.9% and Victory Capital Management Inc. increasing by 15.3% during the first quarter.
• TransUnion recently reported quarterly earnings of $1.08 per share, exceeding analyst expectations, and the company has also announced a quarterly dividend of $0.115 per share, set to be paid on September 8th.

Federated Hermes Inc. decreased its holdings in TransUnion (NYSE:TRU - Free Report) by 99.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 578 shares of the business services provider's stock after selling 136,214 shares during the quarter. Federated Hermes Inc.'s holdings in TransUnion were worth $48,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of TransUnion by 10.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 21,674,473 shares of the business services provider's stock valued at $1,798,765,000 after buying an additional 2,134,342 shares during the last quarter. Victory Capital Management Inc. increased its position in TransUnion by 15.3% in the first quarter. Victory Capital Management Inc. now owns 3,146,693 shares of the business services provider's stock worth $261,144,000 after purchasing an additional 418,693 shares during the last quarter. XN LP increased its position in TransUnion by 2.9% in the fourth quarter. XN LP now owns 1,907,775 shares of the business services provider's stock worth $176,870,000 after purchasing an additional 54,330 shares during the last quarter. Dimensional Fund Advisors LP increased its position in TransUnion by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,642,413 shares of the business services provider's stock worth $152,273,000 after purchasing an additional 70,359 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its position in TransUnion by 3.4% in the first quarter. Manning & Napier Advisors LLC now owns 1,522,671 shares of the business services provider's stock worth $126,366,000 after purchasing an additional 50,113 shares during the last quarter.

TransUnion Stock Performance

TRU opened at $85.98 on Tuesday. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.09. The company has a market cap of $16.75 billion, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.65. The firm's 50-day moving average price is $90.45 and its 200-day moving average price is $87.70.

TransUnion (NYSE:TRU - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.09. TransUnion had a net margin of 8.99% and a return on equity of 16.08%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts anticipate that TransUnion will post 3.99 EPS for the current fiscal year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.46 annualized dividend and a dividend yield of 0.5%. TransUnion's dividend payout ratio is 23.00%.

Insider Activity

In related news, CAO Jennifer A. Williams sold 972 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $92.89, for a total value of $90,289.08. Following the transaction, the chief accounting officer owned 7,108 shares in the company, valued at approximately $660,262.12. This represents a 12.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $87.14, for a total transaction of $87,140.00. Following the transaction, the insider directly owned 74,393 shares of the company's stock, valued at approximately $6,482,606.02. This trade represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,972 shares of company stock worth $353,549. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on TRU shares. BMO Capital Markets lifted their price objective on shares of TransUnion from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Oppenheimer lifted their price objective on shares of TransUnion from $100.00 to $108.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wells Fargo & Company dropped their price objective on shares of TransUnion from $124.00 to $118.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a research note on Friday, July 25th. Finally, UBS Group reaffirmed a "neutral" rating and set a $105.00 price objective (up from $98.00) on shares of TransUnion in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, TransUnion has an average rating of "Moderate Buy" and a consensus target price of $112.46.

TransUnion Profile

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

Want to see what other hedge funds are holding TRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransUnion (NYSE:TRU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.