Kornitzer Capital Management Inc. KS Grows Position in TransUnion (NYSE:TRU)

Kornitzer Capital Management Inc. KS boosted its stake in TransUnion (NYSE:TRU - Free Report) by 86.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,000 shares of the business services provider's stock after purchasing an additional 152,218 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.17% of TransUnion worth $22,537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in TransUnion by 1.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,272 shares of the business services provider's stock worth $1,372,000 after acquiring an additional 207 shares in the last quarter. American Century Companies Inc. raised its stake in TransUnion by 52.4% during the first quarter. American Century Companies Inc. now owns 8,374 shares of the business services provider's stock worth $865,000 after acquiring an additional 2,880 shares in the last quarter. Roundview Capital LLC raised its stake in TransUnion by 1.3% during the first quarter. Roundview Capital LLC now owns 20,949 shares of the business services provider's stock worth $2,165,000 after acquiring an additional 272 shares in the last quarter. HighTower Advisors LLC raised its stake in TransUnion by 50.9% during the first quarter. HighTower Advisors LLC now owns 6,551 shares of the business services provider's stock worth $673,000 after acquiring an additional 2,211 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new position in TransUnion during the first quarter worth about $1,000,000.

TransUnion Trading Down 0.5 %

TRU stock traded down $0.31 during trading on Friday, hitting $66.70. The company had a trading volume of 2,258,432 shares, compared to its average volume of 1,533,694. The business has a 50-day moving average of $76.70 and a 200-day moving average of $67.85. TransUnion has a one year low of $42.09 and a one year high of $82.75. The stock has a market cap of $12.96 billion, a PE ratio of -44.76, a PEG ratio of 1.03 and a beta of 1.61. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28.

TransUnion (NYSE:TRU - Get Free Report) last announced its earnings results on Tuesday, February 13th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.72 by $0.08. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. The business had revenue of $954.00 million for the quarter, compared to analysts' expectations of $927.04 million. During the same period in the prior year, the business posted $0.70 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. Research analysts predict that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion's payout ratio is -28.19%.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,775 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares in the company, valued at approximately $6,105,548.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Timothy J. Martin sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the transaction, the executive vice president now directly owns 54,522 shares of the company's stock, valued at $4,284,883.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Chaouki sold 1,775 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,275 shares of company stock worth $1,204,538. Corporate insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TRU shares. Royal Bank of Canada reissued an "outperform" rating and set a $85.00 target price on shares of TransUnion in a research note on Wednesday, February 14th. Truist Financial boosted their price target on TransUnion from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, February 14th. StockNews.com upgraded TransUnion from a "sell" rating to a "hold" rating in a report on Tuesday, January 23rd. Evercore ISI boosted their price target on TransUnion from $70.00 to $80.00 and gave the stock an "in-line" rating in a report on Tuesday, March 26th. Finally, Robert W. Baird boosted their price target on TransUnion from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TransUnion has a consensus rating of "Moderate Buy" and an average target price of $81.47.

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.