Fred Alger Management LLC Cuts Holdings in TransUnion $TRU

Key Points

• Fred Alger Management LLC has reduced its stake in TransUnion by 43.8%, selling 38,763 shares and now holding a total of 49,707 shares valued at approximately $4.1 million.
• TransUnion reported a quarterly earnings per share of $1.08, which surpassed analysts' expectations and showed a 9.5% increase in revenue year-over-year.
• The company's recent dividend payout was $0.115 per share, resulting in an annualized dividend yield of 0.5%, indicating a 23% payout ratio.

Fred Alger Management LLC lowered its stake in shares of TransUnion (NYSE:TRU - Free Report) by 43.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,707 shares of the business services provider's stock after selling 38,763 shares during the period. Fred Alger Management LLC's holdings in TransUnion were worth $4,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRU. Fifth Third Bancorp boosted its stake in TransUnion by 105.3% during the first quarter. Fifth Third Bancorp now owns 423 shares of the business services provider's stock worth $35,000 after buying an additional 217 shares during the last quarter. S Bank Fund Management Ltd acquired a new position in TransUnion during the first quarter worth $44,000. Private Trust Co. NA boosted its stake in TransUnion by 194.1% during the first quarter. Private Trust Co. NA now owns 553 shares of the business services provider's stock worth $46,000 after buying an additional 365 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in TransUnion by 55.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 909 shares of the business services provider's stock worth $75,000 after buying an additional 324 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in TransUnion by 33.0% during the first quarter. Signaturefd LLC now owns 943 shares of the business services provider's stock worth $78,000 after buying an additional 234 shares during the last quarter.

TransUnion Trading Down 1.0%

Shares of TRU stock traded down $0.96 on Friday, hitting $91.99. The stock had a trading volume of 2,489,891 shares, compared to its average volume of 2,031,355. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.03 and a quick ratio of 2.02. The firm has a market capitalization of $17.92 billion, a P/E ratio of 46.00, a P/E/G ratio of 2.61 and a beta of 1.71. TransUnion has a 1 year low of $66.38 and a 1 year high of $113.17. The company's 50 day moving average price is $91.48 and its 200-day moving average price is $86.66.

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. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. TransUnion had a return on equity of 16.08% and a net margin of 8.99%.The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. TransUnion has set its FY 2025 guidance at 4.030-4.140 EPS. Q3 2025 guidance at 0.990-1.040 EPS. Analysts anticipate that TransUnion will post 3.99 earnings per share for the current year.

TransUnion Announces Dividend

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

Insiders Place Their Bets

In other TransUnion news, CAO Jennifer A. Williams sold 755 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $88.46, for a total transaction of $66,787.30. Following the sale, the chief accounting officer owned 5,691 shares in the company, valued at $503,425.86. This represents a 11.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $86.12, for a total value of $86,120.00. Following the sale, the insider owned 65,592 shares in the company, valued at approximately $5,648,783.04. This trade represents a 1.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,309 shares of company stock worth $923,789 in the last quarter. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on TRU shares. Oppenheimer boosted their price objective on 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 decreased their price target on TransUnion from $124.00 to $118.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. BMO Capital Markets upped their price target on TransUnion from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. UBS Group reaffirmed a "neutral" rating and issued a $105.00 price target (up previously from $98.00) on shares of TransUnion in a research note on Friday, July 25th. Finally, Needham & Company LLC raised TransUnion from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research note on Wednesday, September 3rd. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.64.

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.