TransUnion $TRU Shares Sold by Parnassus Investments LLC

Key Points

• Parnassus Investments LLC reduced its stake in TransUnion by 7.9%, selling 92,076 shares during the first quarter, which leaves them with approximately 1,075,670 shares valued at $89.27 million.
• Analysts updated their ratings for TransUnion; while Wall Street Zen downgraded it to a "hold", Oppenheimer and BMO Capital Markets set new target prices of $108.00 and $118.00 respectively, indicating confidence in the company's performance.
• TransUnion recently announced a quarterly $0.115 dividend with a yield of 0.5%, reflecting a payout ratio of 23.00%, and plans for future earnings guidance of 4.030-4.140 EPS for FY 2025.

Parnassus Investments LLC cut its stake in shares of TransUnion (NYSE:TRU - Free Report) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075,670 shares of the business services provider's stock after selling 92,076 shares during the quarter. Parnassus Investments LLC owned about 0.55% of TransUnion worth $89,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp increased its holdings in shares of TransUnion by 1,397.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 120,719 shares of the business services provider's stock valued at $10,018,000 after acquiring an additional 112,655 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of TransUnion by 1.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 530,912 shares of the business services provider's stock valued at $44,060,000 after acquiring an additional 8,867 shares in the last quarter. Comerica Bank increased its holdings in shares of TransUnion by 0.4% during the first quarter. Comerica Bank now owns 236,795 shares of the business services provider's stock valued at $19,652,000 after acquiring an additional 956 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in shares of TransUnion by 1.5% during the first quarter. Independent Franchise Partners LLP now owns 2,116,568 shares of the business services provider's stock valued at $175,654,000 after acquiring an additional 30,518 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of TransUnion by 2.7% during the first quarter. Ameriprise Financial Inc. now owns 1,044,627 shares of the business services provider's stock valued at $86,694,000 after acquiring an additional 27,904 shares in the last quarter.

TransUnion Stock Performance

NYSE:TRU traded down $0.26 on Monday, hitting $88.41. The stock had a trading volume of 1,532,358 shares, compared to its average volume of 1,653,164. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 44.21, a price-to-earnings-growth ratio of 2.47 and a beta of 1.71. 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 business's 50-day simple moving average is $91.29 and its two-hundred day simple moving average is $86.94. TransUnion has a 52-week low of $66.38 and a 52-week high of $113.17.

TransUnion (NYSE:TRU - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.09. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.10 billion. TransUnion had a return on equity of 16.08% and a net margin of 8.99%.The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. TransUnion has set its FY 2025 guidance at 4.030-4.140 EPS. Q3 2025 guidance at 0.990-1.040 EPS. As a group, research analysts predict that TransUnion will post 3.99 earnings per share for the current 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 given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 22nd. TransUnion's payout ratio is presently 23.00%.

Insider Activity at TransUnion

In related news, CAO Jennifer A. Williams sold 972 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $92.89, for a total transaction of $90,289.08. Following the completion of the transaction, the chief accounting officer owned 7,108 shares in the company, valued at $660,262.12. The trade was a 12.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $91.21, for a total value of $91,210.00. Following the completion of the sale, the insider owned 73,393 shares of the company's stock, valued at $6,694,175.53. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,217 shares of company stock worth $290,498 in the last three months. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer increased their price objective on TransUnion from $100.00 to $108.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Wall Street Zen cut TransUnion from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of TransUnion in a research report on Friday, July 25th. BMO Capital Markets increased their price objective on TransUnion from $115.00 to $118.00 and gave the company an "outperform" rating in a research report 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 report on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $112.46.

TransUnion Company 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.